The Price of Greatness: Pedagogical Lessons from Jersey Transactions in Professional Sports

13 Pages Posted: 21 Oct 2005

See all articles by Franklin G. Mixon

Franklin G. Mixon

University of Southern Mississippi

Sean P. Salter

Middle Tennessee State University

Michael C. Withers

University of Alabama

Date Written: August 12, 2005

Abstract

As professional athletes are traded from team to team, various in-kind and monetary transactions for certain jersey numbers are becoming more common. Given the size of some of the recent payments, these stories have transitioned from relative obscurity to mainstream sports news. This paper provides two areas where these kinds of interactions can enhance the learning experience in microeconomics. These are (1) as a simple, illustrative way of discussing the importance of markets (and related concepts), and (2) as an interesting extension of Gary Becker's human capital theory. Thus, these examples could enhance the pedagogical process in principles of microeconomics and/or in undergraduate courses in labor and sports economics.

JEL Classification: A22

Suggested Citation

Mixon, Franklin G. and Salter, Sean P. and Withers, Michael C., The Price of Greatness: Pedagogical Lessons from Jersey Transactions in Professional Sports (August 12, 2005). Available at SSRN: https://ssrn.com/abstract=811886 or http://dx.doi.org/10.2139/ssrn.811886

Franklin G. Mixon (Contact Author)

University of Southern Mississippi ( email )

Department of Economics Finance & International Law JGH 312E
Hattiesburg, MS 39406
(601) 266-5083 (Phone)

Sean P. Salter

Middle Tennessee State University ( email )

P.O. Box 50
Murfreesboro, TN 37132
United States

Michael C. Withers

University of Alabama ( email )

101 Paul W. Bryant Dr.
Box 870382
Tuscaloosa, AL 35487
United States

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