The Economics of Professional Sports is a comprehensive review of the sports economics literature that is both rigorous in content and readable for a general audience. The book is targeted to an intermediate undergraduate student audience with only modest prior training in economics and statistics. Topics include, but are not limited to: ticket pricing and elasticities, profit versus win-maximizing behavior, taxes, revenue sharing, salary caps, luxury taxes and their effects on league parity, new stadium construction and ...
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The Economics of Professional Sports is a comprehensive review of the sports economics literature that is both rigorous in content and readable for a general audience. The book is targeted to an intermediate undergraduate student audience with only modest prior training in economics and statistics. Topics include, but are not limited to: ticket pricing and elasticities, profit versus win-maximizing behavior, taxes, revenue sharing, salary caps, luxury taxes and their effects on league parity, new stadium construction and computing net economic benefits, salary determination for players, the influence of rival leagues and a host of other popular topics taken from the sports economics literature. The book contains many real world examples as well as probing exercise questions for practice. Only a few textbooks exist in the sports economics field (Fort; Leeds, von Allmen and Matheson; Blair) that are generally not very rigorous and focus on the U.S. sports industry and college sports. The intended audiences are either introductory students or fourth-year majors. This text bridges that gap.
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