Wanna Buy a Brett Favre Jersey?

December 29, 2008
Posted by Jay Livingston

After last season, the Jets traded away Chad Pennington in order to get the future Hall of Fame quarterback Brett Favre. Favre then spent the latter half of the season leading the Jets out of the playoffs.

Steven Dubner of Freakonomics writes what purports to be a post about “deadweight loss” and the inefficiency of gifts but is really a disappointed fan’s angry kvetch. In between nasty digs at the great QB (all supported by data), Dubner asks the economic question:

So how do all those people who paid $80 for Favre Jets jerseys feel today? Do they wish they’d spent their money elsewhere? How much would they pay for the same jersey today? Did they derive $80 worth of pleasure from it up to this point — i.e., was the thrill of the first two-thirds of the season worth the pain of the last third?

To answer the question, I checked Craig’s List, and apparently the owners of those Favre jerseys are not rushing to unload them at any cost. I looked in Sporting Goods and Clothing. Here are the results
  • Individuals selling Favre jerseys: 2
  • Asking price: $60
(Three other sellers had the Jets #4, but they were commercial dealers not disgruntled fans.)

For comparison, I also checked Eli Manning jerseys. (The Giants are in the playoffs, having won their division handily with a 12-4 record.)
  • Individuals selling Manning jerseys: 2
  • Asking price: $60
(Jets fans note: dealers on Craig’s List in Miami are asking $55 for Chad Pennington jerseys.)

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