The economics of baseball and football

Russell Roberts, someone who I have coauthored multiple papers with, has a very interesting interview with Michael Lewis, the author of Moneyball and The Blind Side. I guess that I have a hard time accepting Roberts' claims about the lack of competitive pressures in baseball. To say that these guys are the only baseball team in town so that they don't really have to compete seems wrong to me. There must be more teams than the Oakland A's that care a lot about winning. What about the Yankees for example? On the other hand, there were lots of points that I thought were great about the interview. I really like the NCAA recruiting discussion.



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