Fiesta Bowl wants money back from politicians

Michael Giberson In an actual episode of journalism, the Arizona Republic has been digging into the operations of the Fiesta Bowl, including, among other things, its lavish spending on state and local politicians. The Fiesta Bowl, which is negotiating with the Internal Revenue Service in an attempt to preserve its non-profit status, has concluded that … More Fiesta Bowl wants money back from politicians

Iran cuts fuel subsidies and other energy and economics links

Michael Giberson A couple of interesting readings: The New York Times reports, “Gas Prices Soar in Iran as Subsidy Reduced.” (Also: Washington Post, Wall Street Journal.) Cape Wind Project still has half of its capacity up for sale. (Local utility claims it can find cheaper renewable power elsewhere.) The Economist, “Why do firms exist?” on … More Iran cuts fuel subsidies and other energy and economics links

Uncapping prices in secondary ticket markets

Michael Giberson David Harrington has an article in the new issue of Regulation on the consequences of state repeal of laws that put caps on ticket resale prices: “Uncapping Ticket Markets.” Harrington used StubHub data to compare NHL ticket resale prices in states that repealed price caps on resales to prices in states that hadn’t … More Uncapping prices in secondary ticket markets

More rule/market design recommendations for international football-soccer

Lynne Kiesling Like Mike the other day, I have been thinking about possibly Pareto-improving rule changes in international soccer; like Richard Epstein I have always thought about sports rules (and league organization and market structure) as interesting market design issues. Take, for example, the unintended changes in ice hockey and American football after the introduction … More More rule/market design recommendations for international football-soccer

Soccer rules as a market design problem

Michael Giberson Hadn’t actually thought of the rules of professional sports leagues as a market design issue before, but Richard Epstein’s column in Forbes proposing rule changes for soccer suggests the idea.  Epstein suggests a couple of changes, drawing on basketball and hockey for inspiration: First, he says goals scored in the run of play … More Soccer rules as a market design problem

Rejoice: another World Cup, another ball controversy

Michael Giberson The World Cup is well underway, and with it another controversy over the new ball designed by Adidas for the tournament.  The Wikipedia page on the ball documents some of the complaints, as usual most of them from goalkeepers: As with the Adidas Fevernova and Adidas Teamgeist at the two previous tournaments, the ball has … More Rejoice: another World Cup, another ball controversy