from Amazon
Thursday, October 20, 2011
Economic structure to resolving a work stoppage
Here’s the idea: It’s like having a lawyer around if you can’t divorce amicably. The longer the divorce proceedings, the less the size of the pie as the lawyer fees eat into it.
So, two people are arguing, and the longer it takes to settle the dispute, the more money is removed from the pot.
For every week that there’s no settlement, 2% of the revenue is removed from the table (neither side gets it), and is re-allocated to some NBA charity. Another week of non-settlement? Another 2% removed from the revenue.
If let’s say it takes 10 weeks to resolve the dispute, then there’s a 20% bad-negotiation fee imposed. If NBA takes in 3 billion$ in their shortened seasons, then another 600MM$ gets taken off the top, and disbursed to various charities.
So, tell me why this doesn’t make sense.
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