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Sunday, September 11, 2011
I cut the pie, you choose the slice
Economics has long decided how to split something in half, or otherwise choose sides.
Whether it’s a question of the potential owner’s character, or whether:
Selig will not appreciate Crane claiming that it’s the switch to the American League holding up the sale. That statement is not true, and it seems unlikely Crane believes it to be true. On the list of things keeping Jim Crane from owning the Astros, switching to the American League is about 83rd.
It’s irrelevant for the purposes of my discussion here. If you have 16 people on one side, and none of them want to go to the either side, how do you incentivize one of them? Why, with money of course. Think of it as if each of the NL team kicks in 100,000$ into the pot. That’s 1.6MM$ in the pot. First one to say “I do”, gets the 1.6MM$ and moves to the AL. No one takes? Ok, each team kicks in yet another 100,000$. And on and on it goes, until someone yells out “Bingo!”.
We don’t need autocracy or monarchy here. All we need is pure free market capitalism.
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