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" The economics of sports / "
Michael A. Leeds, Peter von Allmen and Victor A. Matheson.
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BL
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| Record Number
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841179
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| Main Entry
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Leeds, Michael, (Michael A.)
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| Title & Author
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The economics of sports /\ Michael A. Leeds, Peter von Allmen and Victor A. Matheson.
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| Edition Statement
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Sixth edition.
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| Publication Statement
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New York, NY :: Routledge,, 2018.
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, ©2018
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| Page. NO
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xxi, 403 pages ;; 26 cm
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| ISBN
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1138052167
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: 9781138052161
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9781315167947
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| Notes
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"Fifth edition published by Pearson 2014"--Title page verso.
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Bush -- Summary, Discussion Questions, Problems -- Mega-Events -- A Brief History of Mega-Events -- The Original Mega-Event: The Ancient Olympics -- The British Ethic and the Rise of the Modern Olympics -- The Modern Olympic Games -- FIFA and the World Cup -- The Short-Run Benefits of Hosting Mega-Events -- Two Types of Event Studies -- Problems with ex ante Economic Impact Studies -- Ex post Economic Impact Studies -- The Long-Run Benefits of Hosting Mega-Events -- General Infrastructure -- Advertising and Branding -- The Costs of Hosting Mega-Events -- Why Do Cities Continue to Bid? -- Distribution of Costs and Benefits -- Non-Economic Rationales -- The Winner's Curse -- The All-or-Nothing Demand Curve -- Biographical Sketch: Willard "Mitt" Romney -- Summary, Discussion Questions, Problems -- The Labor Economics of Sports -- An Introduction to Labor Markets in Professional Sports -- An Overview of Labor Supply and Labor Demand -- Labor Supply -- Labor Demand -- Labor Market Equilibrium -- Human Capital and Player Compensation -- Rank-Order Tournaments and Superstar Effects -- Tournaments and Effort -- Women and Tournaments -- The Economics of Superstars -- Tournaments, Superstars, and the Distribution of Income -- The Dangers of Tournaments and Superstar Effects -- Pay Disparities and Externalities: The Case of NASCAR -- The Danger of Trying Too Hard -- Performance-Enhancing Drugs -- Biographical Sketch: Scott Boras -- Summary, Discussion Questions, Problems -- Using Indifference Curves to Model the Labor-Leisure Choice -- The Labor-Leisure Model When Hours Are Fixed -- Labor Market Imperfections -- The Monopsony Power of Sports Leagues -- The Economics of Monopsony -- The Impact of Rival Leagues -- The Reserve Clause -- Unions in Professional Sports -- A Brief Introduction to the Economics of Unions -- The Unique Role of Player Associations -- Professional Associations -- Free Agency -- The Advent of Free Agency -- Forms of Free Agency -- The Franchise Tag -- Salary Arbitration -- Measuring Monopsony Power -- Salary Caps -- Luxury or Competitive Balance Taxes -- Conflict and Compromise in Collective Bargaining -- Economic Theory and Labor Conflict -- Labor Conflict and Professional Sports -- Biographical Sketch: Marvin Miller -- Summary, Discussion Questions, Problems -- Discrimination -- Evidence of Discrimination in Sports -- The Economic Theory of Discrimination -- Different Forms of Discrimination in Professional Sports -- Employer Discrimination -- Does Anyone Win with Employer Discrimination? -- Employee Discrimination -- Consumer Discrimination -- Positional Discrimination or Hiring Discrimination -- Gender Equity -- What Is a Woman? -- Biographical Sketch: Branch Rickey -- Summary, Discussion Questions, Problems -- Sports in the Not-for-Profit Sector -- The Economics of Intercollegiate Sports -- The NCAA -- A Brief History of the NCAA -- The Structure of the NCAA -- The Costs and Benefits of Big-Time College Sports -- The Revenue from Intercollegiate Athletics -- The Cost of Intercollegiate Athletics -- Do Colleges Make a Profit from Athletics? -- Monopoly Power in College Athletics -- The NCAA and Optimal Cartel Behavior -- Prisoner's Dilemma: How Rational Actions Lead to Irrational Outcomes -- Academic Standards: A Key to Academic Integrity or Exercise of Monopoly Power? -- Antitrust and College Sports -- Spillovers from Athletics to the University -- College Sports as Public Goods -- Admissions -- Donations and State Funding -- The College Sports Labor Market -- The Value of Athletes to Colleges -- The Value of College to Athletes -- Discrimination and College Sports -- Racial Discrimination -- Title IX and Gender Discrimination -- Biographical Sketch: Sonny Vaccaro -- Summary, Discussion Questions, Problems.
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Introduction and Review of Economic Concepts -- Economics and Sports -- The Organization of the Text -- Special Features and Additional Resources -- Babe Ruth and Comparative Advantage -- Opportunity Costs -- Absolute and Comparative Advantage -- Biographical Sketch: Babe Didrikson Zaharias -- Summary, Discussion Questions, Problems -- Review of the Economist's Arsenal -- The Supply and Demand Model -- Demand, Supply, and Equilibrium -- Changes in Supply and Demand -- Output and the Production Function -- A Note on the Definition of Output -- The Production Function -- Price Ceilings and the Economics of Scalping -- Market Structures: From Perfect Competition to Monopoly -- Perfect Competition -- Monopoly and Other Imperfectly Competitive Market Structures -- The Impact of an Increase in Costs -- The Rise of Professional Sports -- Biographical Sketch: Mark Cuban -- Summary, Discussion Questions, Problems -- Utility Functions, Indifference Curves, and Budget Constraints -- Constrained Maximization -- Using Indifference Curves and Budget Constraints: The Rise of Soccer and Baseball -- Regression Analysis in Brief -- The Industrial Organization of Sports -- Sports Leagues and Franchises -- Open versus Closed Leagues -- The Economics of Team Behavior -- Maximizing Profits or Maximizing Wins? -- Closed Leagues: Revenue and Cost in North American Sports -- Revenue and Cost -- Revenue Is Determined by Demand -- A Detailed Look at Revenue -- Costs -- League Size, Opportunity Cost, and Team Movement -- Open Leagues: Revenue and Cost in European Soccer -- Profit Maximization in Soccer -- Single-Entity Ownership -- Biographical Sketch: Bill Veeck -- Summary, Discussion Questions, Problems -- Monopoly and Antitrust -- What's Wrong with Monopoly? -- Monopolists and Deadweight Loss -- Do Monopolies Always Charge Monopoly Prices? -- Promotion, Relegation, and Monopoly Power in Open Leagues -- Strategic Pricing -- Variable and Dynamic Ticket Pricing -- Bundling -- Price Discrimination and Two-Part Pricing -- What's Right with Monopoly? -- Strategic Barriers to Entry -- Society's Response to Monopoly: Antitrust Laws -- An Important Anomaly: Baseball's Antitrust Exemption -- Leagues That Lack an Antitrust Exemption -- Limited Exemptions: The NFL and Television -- Biographical Sketch: Alvin "Pete" Rozelle -- Summary, Discussion Questions, Problems -- Competitive Balance -- Why Study Competitive Balance? -- The Fans' Perspective -- The Owners' Perspective -- The Effect of Market Size -- The Influence of Diminishing Returns -- A Brief History of Competitive Balance -- Measuring Competitive Balance -- Within-Season Variation -- Between-Season Variation -- Illustrating Competitive Imbalance -- Attempts to Alter Competitive Balance -- The Invariance Principle -- Revenue Sharing -- Salary Caps and Luxury Taxes -- The Reverse-Order Entry Draft -- Schedule Adjustments in the NFL -- Promotion and Relegation -- Biographical Sketch: Bud Selig -- Summary, Discussion Questions, Problems -- Public Finance and Sports -- The Public Finance of Sports: Who Benefits and How? -- How Teams Benefit from New Facilities -- Facilities, Attendance, and Profits -- How Fans Benefit from a New Facility -- The Size and Shape of Stadiums and Arenas -- The Size and Shape of Basketball and Hockey Arenas -- The Size and Shape of Football and Soccer Stadiums -- Do New Facilities Create Better Teams? -- Teams as Public Goods -- How Cities Benefit from Teams and Facilities -- Positive and Negative Externalities -- Facilities, Spending, and Tax Revenue -- Studies of Economic Impact -- Interest Groups and Public Choice -- Location, Location, Location -- Biographical Sketch: Al Davis -- Summary, Discussion Questions, Problems -- The Public Finance of Sports: Who Pays and Why? -- How Cities Came to Fund Stadiums -- Teams on the Move -- The Four Eras of Stadium Construction -- How Teams Exploit Monopoly Power -- Leagues, Cities, and Market Power -- Stadium Location and Costs -- How Exchange Rates Affect Costs -- Why Most Stadiums Are Not in the Center of Town -- Stadium Costs and Financing -- Paying for Stadiums -- Who Pays a Sales Tax? -- Incremental Financing -- Taxes That Spread the Burden -- The Benefits of Debt -- Biographical Sketch: George W.
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| Subject
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Sports-- Economic aspects.
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| Subject
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Sports-- Economic aspects.
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| Dewey Classification
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338.4/3796
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| LC Classification
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GV716.L44 2018
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