Allen R. Sanderson

TL;DR: The authors studied the relationship between personal productivity and pay, relative versus absolute demand, competitive and cooperative interactions across firms (teams); factor substitutions; player mobility and the Coase theorem.

TL;DR: The European approach as mentioned in this paper promotes better performing teams and relegates those with the poorest records to punish failure, which can create negative externalities in sports, such as excess incentives to win, but redistribute rents from talented players to owners because they punish success.

TL;DR: In this paper, the authors describe methodological approaches and pitfalls common to studies of the economic impact of colleges and universities, and offer several suggestions for improvement in these studies pertaining to the specification of the counterfactual, the definition of the local area, the identification of new expenditures, the tendency to double-count economic impacts, the role of local taxes, and the omission of local spillover benefits from enhanced human capital created by higher education.

TL;DR: This article pointed out that the nature of sports is such that competitors must be of approximately equal ability if any are to be financially successful in the sport of soccer, and pointed out the need for a large number of experts in order to be successful.

TL;DR: In this article, the authors describe methodological approaches and pitfalls common to studies of the economic impact of colleges and universities, and offer several suggestions for improvement in these studies pertaining to the specification of the counterfactual, the definition of the local area, the identification of new expenditures, the tendency to double-count economic impacts, the role of local taxes, and the omission of local spillover benefits from enhanced human capital created by higher education.