Is a Professional Sports Team a Driver of Economic Development?

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M l b, majorly baseball, is the only producer of top level baseball in the united states. Same thing with the nfl, nba, cetera. So they're monopolies. And as all monopolies do, they restrict their output relative to demand and that enables them to charge higher prices. Another way they charge higher prices is by extracting public subsidies to build them their stadiums.

The Buffalo Bills are set to receive a record-breaking $850 million in public funds to build a new stadium — even though they’re owned by a fracking billionaire. An economist explains whether publicly funded stadiums ever work out in the public’s favor.

This episode was produced by Hady Mawajdeh, engineered by Paul Mounsey, fact-checked by Laura Bullard and Matt Collette, and edited by Sean Rameswaram, who also hosted.

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