Economic Logic

Snnk cost do not matter once spent. Yet, we just cannot help thinking that if we already paid so much for something, we should rather use it...

I have argued several times already that hosting sports mega-events does not have a lasting impact and that the current impact is limited to...

Men are more competitive than women. Whether this is genetic or nurtured is much studied and occasionally discussed here ( I , II , III ). I...

Some professional athletes manage to amass amazing fortunes only to file for bankruptcy a few years after their retirement from sports. How ...

I appreciate yoga because it helps my stiff body to loosen up, and because it forces me to take some time off the multiple things I do to ca...

As the 2012 Summer Olympics draw to a close, people get all upset about how the medal count does not truly reflect which country is the best...

Rare are the big sports events that stay within budget, and those that do are criticized as being too "commercial." I would suspec...

Whenever some important sports event looms, the popular press inevitably comes up with articles about the loss of productivity during said e...

For every big sports event, there are two types of economic studies that make the news: the ones about the economic impact, which essentiall...

Student athletes are better than average students, despite having some sports severely dragging down this record. My impression is that thes...

Which sport should you encourage your child to adopt? My guess would be cross-country running, swimming and rowing, which have all the impor...

Referees are supposed to be impartial. In academics, this is most of the time helped by the fact that they are anonymous. In sports, referee...

Is seems to be common knowledge that attracting big sports events is good for business and especially tourism. I have never found this argum...

Professional sports clubs exist to win, but this often requires money. Different models have developed in this regard. The US model is priva...

US faculty members are currently quite frustrated with sports programs on their campuses as the swallow substantial budgets at the expenses ...

The Australian Football Association has started to implement post-match video reviews to help in refereeing games and in particular uncover ...

Is it worth holding mega-event like Olympic Games? Repeatedly, they turn into a financial fiasco, yet new organizers keep believing they can...

Now that the Olympics are over, Vancouver is stuck with infrastructure it will not use, and the town will soon discover that not everything ...

Sports personalities are often packaged as role models for future generations, implying that their workj and perseverance has paid off, and ...

What makes a sports league more competitive? More interesting? And more profitable? We have two basic models out there. The European model, ...