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

The Ajax Soccer Talent Factory

Michael Giberson The New York Times Magazine has a feature article on the Ajax soccer development program – they recruit players as young as 7 years old and train them to 19 years if the player is good enough to be kept with the program. Like the development programs of other soccer teams, Ajax begun … More The Ajax Soccer Talent Factory

South Africa Hotel Price Gouging Study

Michael Giberson International accounting firm Grant Thornton has surveyed 2,500 hotel and other properties in South Africa and concluded that about half of the properties will not be charging a premium rate during the upcoming World Cup.  In some cities, however, a majority of properties were raising rates, sometimes significantly. (Another summary: “Fifty three percent … More South Africa Hotel Price Gouging Study