Sports economist talks World Series
October 21st, 2013
Sports economics professor Todd McFall, an expert on tournament competitions and sports regulatory policies, was quoted by Charles Passey in Market Watch on the lopsidedness of baseball’s World Series. “Teams with monster payrolls (can) buy a competitive advantage over their rivals,” says McFall. McFall points to the Boston Red Sox as one such example: The club swept both the 2004 and 2007 World Series in four games — against the St. Louis Cardinals and Colorado Rockies, respectively — with a payroll that was tens of millions of dollars larger than that of its opponents, writes Passey.