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The Economics of Sport : An International Perspective - Robert Sandy

The Economics of Sport

An International Perspective

Hardcover Published: 6th February 2004
ISBN: 9780333792711
Number Of Pages: 347

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This text, by three distinguished authors, applies the theories and techniques of economic analysis to sport and topics related to the business of sport. It builds on a basis of introductory microeconomics and continues the discussion, generally at an intermediate standard. The text has an international perspective, primarily the US, Canada, Europe and Australia, and contains relevant and entertaining case studies. The text suits both undergraduate and postgraduate students in that while it provides a clear progression of topics throughout, it also incorporates optional sections in each chapters of a higher and more challenging level.

Industry Reviews

"The authors have succeeded and given us a very interesting, readable and understandable textbook that should appeal to many students and teachers of economics. It is certainly comprehensive: twelve chapters including an introduction and eleven more on a wide range of topics, a glossary and a thirty-one page bibliography which, by the way, includes some twenty entries by one or more of the authors. It is rigorous: equations, graphs, statistics and a bit of calculus applied to sports issues, but mixed with an incredible amount of sports information, some history and many examples to connect with readers and maintain their interest."--Journal of Comparative Economics
"I appreciate these authors' attempt at analytical rigor and their awareness
and command of the field. Of special note is their inclusion of boxing,
golf, tennis, auto racing and other competitions; so much of the traditional
text coverage is limited to the four professional sports leagues in the
United States -- "soccer" doesn't count -- and intercollegiate athletics"--Allen R. Sanderson, Department of Economics, The University of Chicago
"I like the subject coverage a great deal. The mix of European and U.S. based sports is a great feature especially for those of us in the U.S. who know relatively little about the European sports market...This book has an excellent blend of clear, intuitive discussion with an appropriate amount of technical rigor...The authors succeed in writing at a level and in such a style as to engage the readers. The choice of examples are great."--Professor Leo Kahane, Department of Economics, Mount Holoyoke College

List of boxes, tables and figuresp. ix
Acknowledgmentsp. xii
Prefacep. xiii
List of abbreviationsp. xv
Introductionp. 1
Club and league objectives: profit versus utility maximizationp. 10
Chapter goalsp. 11
Are the motives of team owners and leagues important?p. 11
North America versus Europep. 12
What is profit maximization and what is utility maximization?p. 15
The Scully model of profit maximizationp. 18
The Sloane model of utility maximizationp. 20
Constraints on utility maximization: publicly-traded clubsp. 22
Testing the models of individual owner behaviorp. 24
League motivesp. 25
Conclusionsp. 26
Demand and pricingp. 28
Chapter goalsp. 29
The determinants of demand for sporting eventsp. 29
Pricing good and bad seats for a single eventp. 41
Pricing season ticketsp. 53
Conclusionsp. 59
The labor market for playersp. 64
Chapter goalsp. 65
Introductionp. 65
The supply of and the demand for professional athletesp. 66
Collective bargaining in professional sportsp. 75
Competitive restrictions in sporting labor marketsp. 77
Scully's model of salary determination for starters and backupsp. 85
Revenue sharing and salary caps as mechanisms for achieving uncertainty of outcomep. 91
Conclusionsp. 98
Discrimination in professional sportsp. 104
Chapter goalsp. 105
Introductionp. 105
What is discrimination?p. 106
Measuring discriminationp. 110
Evidence of discrimination in professional team sportsp. 113
Public responses to discrimination: Title IX antidiscrimination legislation in the USAp. 123
Conclusionsp. 124
The economic implications of sports broadcastingp. 127
Chapter goalsp. 128
Introductionp. 128
The growth of sports broadcastingp. 132
The effects of sports broadcasting on live attendancep. 135
Sports broadcasting and competitive balancep. 137
Public policy and sports broadcastingp. 140
Conclusionsp. 149
Listed UK sporting eventsp. 151
List of services meeting the 'qualifying conditions' as set out in the television regulations, 2000p. 152
Events designated in other EU states under Article 3a of the Broadcasting Directivep. 152
Listed British soccer clubs 1999/2000p. 153
Media interests in British soccer clubs (1999/2000)p. 154
Sports teams and leagues: from a business necessity to dominating cartelsp. 155
Chapter goalsp. 156
Introductionp. 156
Why are leagues, associations and organizing committees needed?p. 157
From stability to market controlp. 160
Implications of the North American framework for managing sportsp. 172
Leagues and the management model in the UKp. 175
Revenue-sharing, leagues and competitive balancep. 177
Summary and conclusionsp. 182
Sports and economic developmentp. 186
Chapter goalsp. 187
Introductionp. 187
Defining terms: talking a common language when discussing the economic gains from sportp. 188
Moving economic activity to achieve policy goalsp. 193
Sports and economic development: regions and citiesp. 195
Evaluating the success of a city's sports strategy: moving economic activity or enhancing total welfare?p. 203
Sport and the choice of different locations for businessp. 204
Sport and downtown development: experience elsewherep. 205
Teams, sport and total welfare: conclusionsp. 208
The intangible benefitsp. 209
Sport and development: what is possible?p. 212
Financing the facilities used by professional sports teamsp. 215
Chapter goalsp. 216
Introductionp. 216
The private and public goods aspects of sports facilitiesp. 218
The building boom in sports facilities: why, and how large?p. 222
Factors influencing financing plans for sports facilitiesp. 225
Theory into practice: public sector financing of sports facilitiesp. 230
Conclusionsp. 239
Nonteam sports and incentivesp. 241
Chapter goalsp. 242
Introductionp. 242
Product markets in nonteam sportsp. 246
Labor markets in non-team sportsp. 248
Conclusionsp. 255
College sports in the USA and the role of the NCAAp. 257
Chapter goalsp. 258
Why are intercollegiate sports so big?p. 258
Is the NCAA a cartel?p. 263
Do colleges make or lose money on their sports programs?p. 267
Competitive balance in intercollegiate sportsp. 278
Conclusionsp. 281
Government and sports policyp. 285
Chapter goalsp. 286
Introductionp. 286
Amateur sportp. 288
Sporting infrastructure and international sporting eventsp. 292
Antitrust and public policyp. 296
Conclusionsp. 301
Glossary of termsp. 305
Bibliographyp. 310
Indexp. 341
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780333792711
ISBN-10: 0333792718
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 347
Published: 6th February 2004
Publisher: Macmillan Education UK
Country of Publication: US
Dimensions (cm): 24.0 x 16.0  x 2.49
Weight (kg): 0.67
Edition Number: 1