Tuesday, November 8, 2016

Economics of Baseball




Last baseball post until Sping Training Promise. Here are an article and video on the profitability of the Cubs. I am a big time Cubs fan and I was so excited that I got to see something generations have not seen. With that said, I will be cheering for Cleveland to make it back and break their own drought. With increase demand, low costs, an inelastic supply curve, this article is great for discussion.

I also included a video talking about how bad an investment in public stadiums and big public events are for a city. I wanted to throw that in in case you wanted to go deeper in discussion. One thing about Wrigley, where the Cubs play, it is 102 years old and they are not calling for a stadium.

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