Sports Economics: Current Research / Edition 1

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Overview

The sports industry presents many unusual and interesting opportunities for the application of economic theory and econometrics. In 15 professional papers, this book addresses current economic issues in the industry, including the problem of competitive balance, the location of professional sports teams and their impact on local communities, managerial decision making, and issues related to labor markets. Extending the previous research in sports economics, the papers reflect the most recent applications of economic theory in this area. The book will be a valuable resource for professional economists working on sports economics topics.

In two opening chapters on competitive balance, the contributors develop a model for college football and examine the impact of balance on attendance in major league baseball. In a section on the location of professional sports teams, the chapters then develop a model to predict the location of expansion teams, make econometric estimates of the impact of Super Bowls on the host city, and analyze the ownership of stadiums and arenas. Managerial decision making is discussed in chapters that examine alternative econometric models of production in baseball, use a production function model to analyze technological change in Major League Baseball, examine the management of team streaks, consider the competitive balance between American and National Leagues, analyze the efficiency of player trades in the National Basketball Association, and estimate the impact of participation in inter-collegiate sports on academic performance. In the final section on labor markets, the contributors estimate the impact of owner collusion on baseball players' salaries, consider the impact of the new collective bargaining agreement in Major League Baseball, analyze the impact of being a union representative, and examine the impact of the National Football League's salary cap on player's salaries.

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Product Details

  • ISBN-13: 9780275963309
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 8/30/1999
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 262
  • Lexile: 1410L (what's this?)
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.75 (d)

Meet the Author

JOHN FIZEL is Professor of Economics at Pennsylvania State University--Erie.

ELIZABETH GUSTAFSON is Department Chair and Associate Professor of Economics at the University of Dayton.

LAWRENCE HADLEY is Associate Professor of Economics at the University of Dayton.

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Table of Contents

Tables and Figures
Preface
1 An Overview 3
2 The College Football Industry 11
3 A Test of the Optimal Positive Production Network Externality in Major League Baseball 27
4 Emerging Markets in Baseball: An Econometric Model for Predicting the Expansion Teams' New Cities 49
5 Mega-Sports Events as Municipal Investments: A Critique of Impact Analysis 61
6 Baseball and Basketball Stadium Ownership and Franchise Incentives to Relocate 75
7 Alternative Econometric Models of Production in Major League Baseball 95
8 Technological Change and Transition in the Winning Function for Major League Baseball 109
9 Streak Management 119
10 Trading Players in the National Basketball Association: For Better or Worse? 135
11 The Benefit of the Designated Hitter in Professional Baseball 153
12 Participation in Collegiate Athletics and Academic Performance 161
13 Did Collusion Adversely Affect Outcomes in the Baseball Player's Labor Market?: A Panel Study of Salary Determination from 1986 to 1992 175
14 Baseball's New Collective Bargaining Agreement: How Will It Affect the National Pastime? 191
15 "These People Aren't Very Big on Player Reps": Career Length, Mobility, and Union Activism in Major League Baseball 203
16 The Impact of the Salary Cap and Free Agency on the Structure and Distribution of Salaries in the NFL 213
Bibliography 227
Index 239
About the Contributors 243
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