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In the National Basketball Association, first-round draft picks are paid a guaranteed salary for at least three years. Second round picks have no such guarantees.
- In the National Basketball Association, first-round draft picks are paid a guaranteed salary for at least three years. Second round picks have no such guarantees. Suppose the Philadelphia 76ers select Cassius Winston with the 30th pick of the 2020 draft and Franz von Papen with the 31st pick. The 30th pick is the last pick of the first round and the 31st is the first pick of the second round. Will the 76ers treat the two players differently
- If they follow neo-classical (standard) economic behavior?
If they follow behavioral economic behavior?
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
