Diseconomies of scope in Track

For those who don’t know I run track and field.  Recently me and my coach were deciding how many races to run at conference, specifically whether to run two or one race.  This is a surprising complicated problem.  This is because there are many factors, the primary two factors are 1.)how runners are in a given race, and 2.)how much the first race will tire me out.  In this decision there are two economic applications/effects; diseconomies of scale and game theory First, let me explain why the number of competitors matter.  Obviously, the more people enter in a races the Continue reading Diseconomies of scope in Track