February 26, 2005
Principle-Agent Problems in Arlington

From last week's Ft. Worth Star-Telegram is this article about the Cowboys trying to ink a naming rights deal for their new stadium in Arlington. Rumored to be betweeen $10m and $15m per year? That is considerably more than recently signed deals and therefore I doubt that the number is true. In the range of $4m to $6m I could buy into, but we will see.

Along with the naming rights announcement, the team announced that HKS has been selected to build the stadium. This is an interesting choice because every stadium they have built has been ever more expensive. They built the Ballpark in Arlington for $195m in 1994, then built Miller Field in Milwaukee for $400, then American Airlines Arena in Dallas for $450m and now the new football stadium for $650m. I'd like to get a piece of that action.

The best part of the story, however, was the picture of Jerry Jones handing our good mayor, Robert Cluck, a Dallas Cowboys Jersey with Cluck's name on the back.

Linked here to avoid copyright infringement.

Yep, the old principle-agent problem is revealed again. When do I get a Dallas Cowboys jersey with MY name on the back? Suppose I shouldn't hold my breath.

Posted by Craig Depken at 05:31 PM

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

Our Bloggers
Joshua Hall
Robert Lawson
E. Frank Stephenson
Michael C. Munger
Lawrence H. White
Craig Depken
Tim Shaughnessy
Edward J. Lopez
Brad Smith
Mike DeBow
Wilson Mixon
Art Carden

Blogroll

Search

Archives
By Author:
Joshua Hall
Robert Lawson
E. Frank Stephenson
Michael C. Munger
Lawrence H. White
Edward Bierhanzl
Craig Depken
Ralph R. Frasca
Tim Shaughnessy
Edward J. Lopez
Brad Smith
Mike DeBow
Wilson Mixon
Art Carden

By Month:
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004
September 2004
August 2004
July 2004

Powered by
Movable Type 2.661

Site design by
Sekimori

XML