tag:blogger.com,1999:blog-7169279.post82669809216961771..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: NBA UnionDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-7169279.post-67618332049993387362015-11-23T22:42:59.342-07:002015-11-23T22:42:59.342-07:00John Smith: 50/50
So I don't know who John Sm...John Smith: 50/50<br /><br />So I don't know who John Smith is (although I suppose I could always go cross-reference that pseudonym with the actual names in my gradebook). And I'm not sure who's going to be reading this thread down the road.<br /><br />So I'm going to play dumb.<br /><br />Did you know that the method you link to at Boxscore Geeks was developed by an SUU professorDr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-28166605636269669702015-11-20T13:58:51.886-07:002015-11-20T13:58:51.886-07:00The real question that should be asked is whether ...The real question that should be asked is whether or not the players are being exploited by not having access to this money. To determine exploitation, we need to look at whether or not a player is receiving an income that is more or less than what he is producing for the team in marginal revenue product. To be able to determine this, we have to measure a player’s productivity. In some sports, weJohn Smithhttps://www.blogger.com/profile/15277658068324168844noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-71498992822640963612015-11-20T13:47:40.979-07:002015-11-20T13:47:40.979-07:00This comment has been removed by the author.John Smithhttps://www.blogger.com/profile/15277658068324168844noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-86311593940977735602012-10-07T00:41:36.035-06:002012-10-07T00:41:36.035-06:00BTW: these are 50/50 comments Jon.BTW: these are 50/50 comments Jon.Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-78609276921644793442012-10-07T00:29:52.084-06:002012-10-07T00:29:52.084-06:00I also think there's the added factor that the...I also think there's the added factor that the teams are actively recruiting the current players potential replacements. That's got to raise the discount rate too.Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-72409864877409018642012-09-28T10:43:53.802-06:002012-09-28T10:43:53.802-06:00That is a very good point Dr. Tufte, one that had ...That is a very good point Dr. Tufte, one that had not come to mind when writing my first comment. I think you are right. NBA player’s discount rates are rationally very high because their careers in the sport are limited. The year or more it would take for a more favorable collective bargaining agreement to be reached is a year or more off the player’s career. Not to mention that a year out of Jonhttps://www.blogger.com/profile/05189583449266122252noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-61022192377697440092012-09-20T11:54:03.243-06:002012-09-20T11:54:03.243-06:00Interesting idea, Jon. You know, maybe this doesn&...Interesting idea, Jon. You know, maybe this doesn't require any irrationality at all. Perhaps the discount rates of the players are (rationally) very high because they don't know when their career will end.Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-59388128264203951172012-09-20T11:03:08.045-06:002012-09-20T11:03:08.045-06:00I would like to bring some economics into the disc...I would like to bring some economics into the discussion. There is a large demand for a professional basketball league in the United States. The NBA is the only supply. In my eyes, the NBA players make up a proportionally larger amount of the supply than the owners do. Not because of sheer numbers, but because they bring more consumer value to the table. In other words, demand would be affected aJonhttps://www.blogger.com/profile/05189583449266122252noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-89947231885633741102011-12-11T19:00:23.876-07:002011-12-11T19:00:23.876-07:00-1 on Gubler Family for a spelling error.
I think...-1 on Gubler Family for a spelling error.<br /><br />I think all interested parties ought to go talk to Dave Berri about this. My expertise in this area is non-existent compared to his.<br /><br />In economics, "fair/ethical" are not ideas that are well-defined. As to the normative question about what split the players should accept, there doesn't seem to be much discussion of why Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-67972455066760039582011-11-30T22:49:40.483-07:002011-11-30T22:49:40.483-07:00The economic impact in a struggling economy is wha...The economic impact in a struggling economy is what bothers me with this NBA lock-out situation. We have an economy in great need of employment and small business success. I don't care who's side is responsible for the mess, whether it is the players or the owners, it doesn't matter, we are all getting burned here. Part of the reason that our country is hurting is from this greed, Landohttps://www.blogger.com/profile/17690706844494470562noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-8411337836048357892011-11-30T21:24:24.274-07:002011-11-30T21:24:24.274-07:00I must correct Papa Smurf. The players didn't...I must correct Papa Smurf. The players didn't do this. The owners are the ones that are asking for more money. They are the ones that Lockout the players from playing. This is a fun topic becuase the only loser here appears to be the fans because of the missed games. However; according to David Berri an SUU Perfessor this lockout like others in the past will not have an effect on the fanRyan C. Gublerhttps://www.blogger.com/profile/15093373716873628325noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-66252742787393838752011-11-30T19:15:45.333-07:002011-11-30T19:15:45.333-07:00Mitchell raised the question is it ethical/fair fo...Mitchell raised the question is it ethical/fair for union members to ban together to increase their wages. My response would be yes, it is fair and ethical. The NBA organization is a business. It exists to make money. If the players feel like they should be paid more, they have the right to petition it. Union strikes are beneficial in that they help to correct poor business practices. With Ethanhttps://www.blogger.com/profile/17937128864632675664noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-3404437710311343932011-11-30T09:55:25.865-07:002011-11-30T09:55:25.865-07:00We as fans and consumers continue to purchase sing...We as fans and consumers continue to purchase single-game tickets, season tickets, memorabilia, etc. Consequently, this influx of cash means that the money has to be divvied up somehow. I happen to be on the owners side on this one, as they are the ones assuming the financial risks. They can always find more players, and if not, they will play for less, we may just all have to be strong and hold Windwalkerhttps://www.blogger.com/profile/06215871573888530707noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-83542397866521906242011-11-29T20:36:46.789-07:002011-11-29T20:36:46.789-07:00No it is not fair that the players did this. What...No it is not fair that the players did this. What happened during this time has been a disgrace. There was no regard for the fans of the NBA. All that these arguments were over was money in nearly every instance. I heard on more than one occasion players calling the current CBA an example of modern day slavery and or an exploitation of workers. Does anyone else think that this sounds like a Papa Smurfhttps://www.blogger.com/profile/00349476758704801771noreply@blogger.com