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The 2021 MLB Lockout
So MLB locked out its players early today. This is the first labor "stoppage" since the strike of 1994 that led to the cancellation of the World Series that year. Remember the Montreal Expos? They are now the Washington Nationals.... Continue reading
Posted Dec 2, 2021 at Market Power
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Two from the NBER on Sports Econ Topics
There are two, count 'em TWO new working papers on the NBER website. Maybe this sports econ thingy is going to become a big thing. BIG, I say! I haven't read but their abstracts at this time. The first one... Continue reading
Posted Nov 8, 2021 at Market Power
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Are Youth Sports Leagues Natural Monopolies?
Professional sports leagues are thought by many to be natural monopolies. This makes sense because fans of a sport want to have one overall champion in a sports. Who's the best? Since there is one champion, the most efficient number... Continue reading
Posted Apr 7, 2021 at Market Power
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Being a Teen Rebel Against One's Parents
From NPR: "Defying Parents, A Teen Decides to Get Vaccinated." My, how times have changed. Back when I was a kid in the 70's and early 80's, teens used to listen to loud hard rock music turned up to 11,... Continue reading
Posted Feb 10, 2019 at Market Power
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Bryan Caplan on the Macro AP Exam
From Bryan Caplan: Today my 8th-grade homeschoolers take the Advanced Placement test in Macroeconomics. Back in 1989, when I took this exam, it covered little more than 1960s Keynesianism. The current test is marginally better. Now we've got long-run Aggregate... Continue reading
Posted May 11, 2017 at Market Power
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"Academics vs. Athletics: Career Concerns for NCAA Division I Coaches"
Here is the abstract to a new NBER by Christopher Avery, Brian Cadman, and Gavin Cassar entitled "Academics vs. Athletics: Career Concerns for NCAA Division I Coaches." We analyze the promotions and firings of NCAA Division 1 college basketball and... Continue reading
Posted Mar 29, 2016 at Market Power
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"Regulated And Unregulated Substitutes: Aversion Effects Of An Ethanol Mandate"
This is from Michael D. Noel and Travis Roach in a paper recently published by Economic Inquiry entitled “Regulated And Unregulated Substitutes: Aversion Effects Of An Ethanol Mandate”. Here is the abstract. “One approach for handling more aggressive goals under... Continue reading
Posted Mar 28, 2016 at Market Power
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The Impact Of Managerial Change On Performance: The Role Of Team Heterogeneity
“When a key responsibility of a manager is to allocate more or less attractive tasks, subordinates have an incentive to work hard and demonstrate their talents. As a new manager is less well informed, management dismissals reinvigorate this tournament competition—but... Continue reading
Posted Mar 25, 2016 at Market Power
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Monkees vs Iron Maiden
What do you get when you cross the Monkees' 'I'm a Believer" and Iron Maiden's " The Trooper"? You get this. What would you call that song? "I'm a Believer of The Trooper"? Via Mark Stratton on Facebook. Continue reading
Posted Jan 24, 2016 at Market Power
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Blackfathom River Cave
Which US state has the most caves? Tennessee. Missouri has the second most, and a new one has been announced. On that day in November 2010, McCain and fellow explorers were mapping Blackfathom River Cave. Since its discovery in 2007,... Continue reading
Posted Jan 24, 2016 at Market Power
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Happy Valentine's Day 2015
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Posted Feb 14, 2015 at Market Power
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"Willingness to Pay for Sensory Attributes in Beer"
As microbrew beers have become more popular, the intrinsic characteristics of beer have become more important in consumer purchasing decisions. We identify sensory properties that influence consumers’ willingness to pay for beer using a contingent valuation model that includes subjective... Continue reading
Posted Oct 8, 2014 at Market Power
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Kelvin-Helmholtz Wave Clouds: On My Bucket List
Put the Kelvin-Helmholtz wave cloud on my bucket list too. Here's another example that clearly shows that these clouds look like waves of water coming ashore. Here is a discussion on what causes them. Continue reading
Posted May 27, 2014 at Market Power
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Dear Surly Brewing
Posted May 21, 2014 at Market Power
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Why Minneapolis Getting the 2018 Super Bowl is Not a Surprise
Some may think that Minneapolis getting the 2018 Super Bowl is a surprise. When I heard the news, I "meh'd". Of course they got the Super Bowl. The NFL has been dangling the Super Bowl carrot for years to entice... Continue reading
Posted May 21, 2014 at Market Power
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Horseshoe Vortex Cloud: On My Cloud Bucket List
If I had a bucket list of clouds to see before I die, the horseshoe vortex cloud would be on the list. Here's info on why this cloud does what it does. Continue reading
Posted May 20, 2014 at Market Power
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More Detroit-area Ruin pr0n
Posted May 16, 2014 at Market Power
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Ronnie James Dio 1942 - 5/16/2010
Ronnie James Dio died 4 years ago today. I remember reading the news on the Wall Street Journal's mobile site that Sunday and came inside to share the bad news. After all, misery loves company. Here's the dialogue that I... Continue reading
Posted May 16, 2014 at Market Power
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I Want Raised Donuts! And How Jobs are "Created."
Since my family and I moved up here, the Mankato-North Mankato meso area didn't have its own local bakery. Instead, we were treated to gas station donuts and the big grocery chains had their own bakeries. Their bread products, cookies,... Continue reading
Posted May 16, 2014 at Market Power
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Encouraging Capital for Labor Substitution
Fixed it for you: Labor organizers are turning up the heat on McDonald's and other fast food companies to raise worker pay speed up their rate of capital-for-labor substitution, with protests set to spread to more than 30 countries Thursday.... Continue reading
Posted May 15, 2014 at Market Power
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"The Decline of Tornado Devastation"
This weekend and early next week is shaping up to be a severe weather outbreak in the southern plains and midsouth: Tornado and Dixie Alley. While the risk to life and limb is very real, Roger Pielke writes in the... Continue reading
Posted Apr 25, 2014 at Market Power
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Typepad Downtime
Typepad recently was the victim of a nasty distributed denial of service attack and that caused most blogs to be unavailable. It sounds like they have things under control now, but I wanted to apologize to readers if MP was... Continue reading
Posted Apr 24, 2014 at Market Power
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Are concerts too loud for you?
Minneapolis may just have you covered, er, plugged with "free" earplugs. Continue reading
Posted Mar 22, 2014 at Market Power
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"... if we've all made it all the way to this point we get three hours college credit in meteorology."*
The most recent Weather Brains episode 424 is now on YouTube and features guest Josh Wurman, the reknowned severe weather research scientist. Dr. Wurman tells some interesting and amusing stories about doing field research on severe weather of all kinds,... Continue reading
Posted Mar 11, 2014 at Market Power
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Is Your Password Secure?
Is your password secure? The best way to explain how to choose a good password is to explain how they're broken. The general attack model is what's known as an offline password-guessing attack. In this scenario, the attacker gets a... Continue reading
Posted Mar 11, 2014 at Market Power
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