Showing posts with category "labor"

The economic wisdom of Ray Lewis (updated)

No, the title is not a typo. In this interview for ESPN, Lewis claims that,

Capital-Labor Substitution in Production: Sports Writing Edition

Newspapers are in deep trouble. That has been clear for some time. It looks like things just got worse for sports writers. The Intelligent Information

Are Stadiums and Players Complements in Production?

Teams seeking public subsidies commonly claim that building a new stadium will improve the team's revenue flow, allowing it to acquire more talent and improve

NFL Work Rules

The Baltimore Ravens work their players too hard according to the NFL Players' Association. The Baltimore Sun reports today that the Ravens are not allowed to

Free Agency Coming to the Australian Football League in 2012

The Australian Football League (AFL) and the Australian Football League Players’ Association (AFLPA) today announced agreement on the introduction of free

Singletary v. Madden on Management

The San Francisco 49ers won their first game yesterday, beating their even more hapless cross-Bay rivals, the Oakland Raiders.   The Niners' head coach, Mike

NFL Draft Trifecta

If Phil Miller's Saturday post on the NFL draft is Day 1, and Brian Goff's Monday post on the NFL draft is Day 2, let's finish this off the trifecta with a

An Application of the Backwards Bending Supply Curve

The law of supply says that when the price of a good rises, all else equal, the quantity supplied of that good also rises.  Applied to labor markets, the more

NBA Locks Out Referees

Labor relations in professional sports are notoriously contentious. Nobody gets along. Players strike, owners lock out players, referees strike, owners lock