What sports can do for economics
We well know that behavioral economics can be applied to numerous fields, as we have seen in other posts. But what about sports? There are two ways to analyze the relationship between economics and sport. First, we would have “economics used in sports”, where the former is used at the service of the latter to, for example, analyze the profitability of the clubs or the competitive equilibrium. However, as this article proposes, we can also work with the “sports for economics”. In other words, we do not start from the idea of what economics can do for sports, but what sports can do for economics. ….[READ]
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