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Sports Economics,9780131704213
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Sports Economics

by
Edition:
2nd
ISBN13:

9780131704213

ISBN10:
0131704214
Format:
Hardcover
Pub. Date:
1/1/2007
Publisher(s):
Prentice Hall

Questions About This Book?

What version or edition is this?
This is the 2nd edition with a publication date of 1/1/2007.
What is included with this book?
  • The Used copy of this book is not guaranteed to include any supplemental materials. Typically, only the book itself is included.

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Summary

Forts Sports Economics, 2/e is the only text that provides enough content and rigor for a course taken primarily by economics majors.

Table of Contents

Preface ix
Warm-Up: The Business of Sports
1(12)
Putting the Business of Sports in Perspective
2(1)
Sports Really Are Big Business
3(1)
Befuddled Fans
4(2)
Player Skepticism and Owner Exasperation
6(7)
PART I: DEMAND, SUPPLY, AND SPORTS MARKET OUTCOMES
13(193)
Demand and Sports Revenue
13(39)
Scarcity in Sports
14(5)
Demand Theory in Sports
19(6)
Lessons from Demand
25(1)
Market Power
25(5)
Willingness to Pay and Consumers' Surpluses
30(3)
Price Elasticity, Total Revenue, and Marginal Revenue
33(3)
Lessons from Total and Marginal Revenue
36(4)
Elasticity and Price Discrimination
40(3)
Revenue Data
43(9)
The Market for Sports Broadcast Rights
52(40)
Setting the Stage: The Media in Sports
53(1)
Ads and Preference Formation
54(5)
Basics of the Sports Broadcast Rights Market
59(2)
Sports Leagues and Their Broadcast Rights
61(4)
Media Provider Ownership of Sports Teams
65(6)
Firms and Their Advertising Choice
71(1)
Extending the Definition of the MRP of Ads from the Advertiser's Perspective
72(4)
The Beer Wars
76(2)
Sponsorship
78(1)
Big Rights Money and Its Impacts
79(13)
Team Cost, Profit, and Winning
92(41)
Profit Maximizing Owners?
93(2)
The Short Run Versus the Long Run
95(1)
Short-Run Production and Costs
96(4)
Long-Run Production and Costs
100(9)
Profit Analysis
109(4)
Profits and Quality Choice in the Long Run
113(4)
Real-World Case Study: The San Antonio Spurs
117(16)
Sports Market Outcomes, Part I: Leagues, Team Location, Expansion, and Negotiations
133(31)
Why Leagues? Making Play and Profits
134(5)
Territory Definition and Protection
139(2)
Expansion and Relocation
141(16)
Negotiations
157(7)
Sports Market Outcomes, Part II: Leagues and Competitive Balance
164(42)
Competitive Imbalance
165(15)
Remedies for Competitive Imbalance
180(26)
PART II: THE MARKET FOR TALENT AND LABOR RELATIONS
206(131)
The Value of Sports Talent
206(49)
The Value of Athletes
207(5)
The Marginal Revenue Product Explanation
212(5)
Equilibrium in the Talent Market: Graphical Analysis
217(2)
Real-World MRP Insights
219(9)
The Value of Athletes: Special Cases
228(5)
Discrimination in Pay and Hiring: Introduction
233(9)
Economic Findings on Pay Discrimination
242(1)
Discrimination in Hiring
243(12)
The History of Player Pay
255(34)
Restricting Competition over Talent
256(2)
Restricting Competition over Incoming Players: The Draft
258(1)
Restricting Competition over League Players: The Reserve Clause
259(5)
The Value of Reduced Competition over Players
264(7)
What About Competitive Balance?
271(18)
Labor Relations in Pro Sports
289(48)
Modern Sports Labor Relations
290(7)
Union Goals, Organizational Problems, and Governance
297(9)
Basic Bargaining: Game Theory
306(5)
Work Stoppages
311(5)
Labor Relations in MLB
316(4)
Labor Relations in the NBA
320(5)
Labor Relations in the NFL
325(4)
Labor Relations in the NHL
329(8)
PART III: GOVERNMENT AND THE SPORTS BUSINESS
337(119)
Subsidies and Economic Impact Analysis
337(41)
The Logic of Sports Team Subsidies
339(8)
Cost-Benefit Analysis Concepts in Sports
347(12)
Estimates of Subsidy Costs
359(2)
Estimates of Subsidy Benefits
361(9)
Are the Costs of Subsidies Worth It?
370(8)
The Stadium Mess
378(39)
Rational Actor Explanations in Politics: General Insights
379(5)
Owners as Beneficiaries of Rational Actor Subsidy Politics
384(8)
The Role of Leagues in Rational Actor Subsidy Politics
392(3)
The Stadium Mess Explained
395(3)
Direct Democracy and the Stadium Mess
398(7)
First Down and $782 Million to Go in Seattle
405(6)
Altering the Politics of Stadium Subsidies
411(6)
Taxes, Antitrust, and Competition Policy
417(39)
Taxes
418(7)
Antitrust
425(5)
The Impacts of Special Tax and Antitrust Status
430(7)
Rational Actor Politics, Taxes, and Antitrust
437(4)
Competition Policy
441(15)
PART IV: COLLEGE SPORTS
456(66)
College Sports
456(66)
College Sports Really Are Big Business
457(1)
Demand and College Sports Revenue
458(7)
The Market for College Sports Broadcasts
465(6)
Cost, Profits, and Quality
471(11)
Sports Market Outcomes: Athletic Departments, Conferences, and the NCAA
482(6)
Sports Market Outcomes: Competitive Balance
488(10)
The Value of College Sports Talent
498(11)
A Synopsis of Remaining Issues
509(13)
Glossary 522(8)
Index 530


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