July 7, 2006

Institutions Matter: Rules, Outcomes, and the World Cup

7 Comments / Economics, Professional sports / By

Lynne Kiesling Over at the Sports Economist Brian has a post with three recommendations to improve international soccer: post-match review and penalties for diving and melodrama, more granularity in penalties around the penalty box, and two more officials on the field. I chuckled when Brian referred to “Sepp Blatter and the FIFAcrats who seem to …

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Mike Munger: Rent Seek and You Shall Find

3 Comments / Economics / By

Lynne Kiesling Mike Munger’s new essay on rent seeking is superb. Mike is a fluid and persuasive writer, so he does a great job of explaining some of the hardest-to-understand aspects of rent seeking. In particular, the competition for politically-distributed resources means that people will use up resources to get the political goods. That competition …

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