LeBron James' Return To Cleveland Illustrates Remarkable Economic Experiment
Professional sports generate a tremendous amount of money, but it's tricky to know exactly what part of sports generates that money. LeBron James unintentionally ran a nearly perfect economic experiment by unexpectedly leaving Cleveland and then, three years later, returning with almost no warning. A pair of economists have now used James' prodigal son data to look at the financial impact a single superstar can have on a local economy.
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