Sunday, October 23, 2011

Readings for 10.26

Sorry this is a bit late. The beautiful weather has sidetracked me so far this weekend--but I'm guessing with Homecoming you probably didn't notice. With the World Series in full swing, what better time to discuss the economics of sports? Here's three short pieces to read for Wednesday.

Will posted an interesting article on the stadium subsidy question: check it out here.

Here is another, short, obviously lefty but still interesting take on the subsidy question and on the economic structure of sports more generally.

Finally, here is a nice summary of how sports, like drug producers, are actually one of the best examples of the economic concept known as a "cartel." You might also check out the definition of that term from the same source (linked to both in the article and here).

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