If I were an undergrad again that's what my economics thesis would be about.
There will never be a trade in my fantasy baseball league because there will never be a fair trade offer. Every trade proposal sent my way is so dumb I can't figure out if my buddy is just being an ass (if that's the case then no problem
) or has truly lost his mind
Obviously this isn't a groundbreaking complaint here, and I'm definitely not writing this post to complain about my league. But I think that trading players in fantasy baseball provides a good example of a situation where the transaction costs are so high that it suffocates the market. The costs that come to my mind are:
1. draft - people have a hard time disregarding draft position no matter how hard they try no matter how late in the season
2. staring at your roster so long you become dilusional about how great they are - this is my main problem
3. generally not understanding fantasy baseball - i.e. failing to see how your team would benefit from a certain trade even when it's obvious - i bet the very experienced leagues trade a lot more than those leagues comprised of competive novices
4. lack of interest in real baseball - and thus basing their trade decisions solely on things like yahoo o-rankings and the name of a player
any other explanations for this amazing phenomena???
Last edited by tecmobowl12 on Tue May 22, 2007 5:18 pm, edited 2 times in total.