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Faculty and Staff Profile

Raymond Sauer

Professor of Economics

Office: 312 Wilbur O. and Ann Powers Hall
Phone: 864-656-3969
Personal Website:

 Educational Background

1985 Economics
University of Washington PhD

1981 Economics
University of New Mexico M.A.

1979 Economics
University of New Mexico B.A.

 Courses Taught

Economics of Regulation
Microeconomics and Public Policy
Principles of Microeconomics
Seminar on the Economics of Sports
Senior Seminar on Economic Policy


Raymond Sauer is Professor of Economics. He served as Chair of The John E. Walker Department of Economics from 2004-2016. He has previously served on the faculties of the University of New Mexico, Stanford, and the University of Louisville. His research interests are wide-ranging, including the economics of regulation, financial market efficiency, and the organization of markets in general. His papers have been published in leading journals such as the American Economic Review, Journal of Economic Literature, Journal of Finance, and Journal of Political Economy. He is the founder of The Sports Economist, a popular multi-author weblog which focuses on economic aspects of sport, and was elected President of the North American Association of Sports Economists in June 2011.

 Research Interests

Industrial Organization, Regulation, Sports

 Research Publications

"The Progress of the Betting in a Baseball Game," Public Choice, 2011

"How Best to Realign Major League Baseball: A Freakonomics Quorum," Freakonomics Blog, August 1, 2011.

"A Historical Tradition," in The Public Use of Gambling Revenue in Hard Times, Room for Debate Symposium, New York Times, July 29, 2010.

"Sport, the State, and the Market,"Occasional Paper No. 49, Liberal Institute, Friedrich-Naumann-Stiftung für die Freiheit, Potsdam, 2008.

"The Moneyball Anomaly and Payroll Efficiency: A Further Investigation," International Journal of Sports Finance, November 2007, with Jahn Hakes.

"An Economic Evaluation of the Moneyball Hypothesis," Journal of Economic Perspectives, August 2006, with Jahn Hakes.