A rare intersection of sports and economics: Can an athlete single handedly impact a market?
Faculty at Harvard’s Kennedy School published research on the impact of Lebron James’s local economic impact.
Here is a portion of the paper:
Specifically, his presence increases the number of such establishments within one mile of the stadium by about 13%, and employment by about 23.5%. These effects are very local, in that they decay rapidly as one moves farther from the stadium.
Inspired by a post on Tyler Cowen’s Marginal Revolution blog.