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Dave

Is Wade the Next Jordan?

After Wade averaged nearly 35 points and 8 boards in the NBA Finals the media has now crowned him the “next Jordan.”  Unlike the previous “next Jordans” – Grant Hill, Jerry Stackhouse, Vince Carter, etc. – this “next Jordan” has now clearly led his team to an NBA Championship.  So is …

Four Thoughts on Game Five

1.            Half a Hero is better than None At the end of Game Five Dwyane Wade was a hero.  If all you saw was the first half, though, that is not the story you’d tell.  At the half the Mavericks led 51-43.  Miami was definitely in trouble, since a loss …

Joga Bonito

In an earlier post I noted that baseball and golf were probably my two favorite sports.  But for pure excitement and intrigue I must admit that there exists no greater month of sports for me than Fifa’s World Cup.  Maybe because it comes around only once every four years.  Maybe …

The Law of One Price

Once upon a time I studied international trade.  In fact, my dissertation with Terry Ozawa at Colorado State consisted of an examination of trade flows between Asia and the United States.  Although I have spent much of my career researching the economics of sports, I still remember a bit of …

Yglesias and the Least Valuable MVP

On June 7 Matthew Yglesias wrote a column for Slate.com, boldly entitled “Least Valuable MVP” where he made the following argument: “The conventional wisdom says that great players in general, and Nash in particular, make their teammates better. But in the case of the Mavericks, Nash made Nowitzki—the team's best …

The Law of Diminishing Returns in the NBA

Very few ideas in economics rate the title “Law.” The idea of diminishing marginal returns is one of these. For those who did not take an introductory economics class in high school or college, or simply forgot the formal definition, here is what this law states: As one increases a …