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Sports Economics

by: Fort, Rodney D.

Sports Economics

by: Fort, Rodney D.

ISBN 13:
9780131704213
ISBN 10:
0131704214
Edition: 2nd
Format: Hardcover
Copyright: 01/01/2007
Publisher: Prentice Hall
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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.

Preface

Warm-Up: The Business of Sports

(12)

Putting the Business of Sports in Perspective

(1)

Sports Really Are Big Business

(1)

Befuddled Fans

(2)

Player Skepticism and Owner Exasperation

(7)

PART I: DEMAND, SUPPLY, AND SPORTS MARKET OUTCOMES

(193)

Demand and Sports Revenue

(39)

Scarcity in Sports

(5)

Demand Theory in Sports

(6)

Lessons from Demand

(1)

Market Power

(5)

Willingness to Pay and Consumers' Surpluses

(3)

Price Elasticity, Total Revenue, and Marginal Revenue

(3)

Lessons from Total and Marginal Revenue

(4)

Elasticity and Price Discrimination

(3)

Revenue Data

(9)

The Market for Sports Broadcast Rights

(40)

Setting the Stage: The Media in Sports

(1)

Ads and Preference Formation

(5)

Basics of the Sports Broadcast Rights Market

(2)

Sports Leagues and Their Broadcast Rights

(4)

Media Provider Ownership of Sports Teams

(6)

Firms and Their Advertising Choice

(1)

Extending the Definition of the MRP of Ads from the Advertiser's Perspective

(4)

The Beer Wars

(2)

Sponsorship

(1)

Big Rights Money and Its Impacts

(13)

Team Cost, Profit, and Winning

(41)

Profit Maximizing Owners?

(2)

The Short Run Versus the Long Run

(1)

Short-Run Production and Costs

(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

Amazon no longer offers textbook rentals. We do!

Sports Economics

Sports Economics

9780131704213

0131704214

Summary

Table of Contents

Supplemental Materials

Write a Review

Amazon no longer offers textbook rentals. We do!

Sports Economics

Sports Economics

9780131704213

0131704214

Summary

Table of Contents

Supplemental Materials

Write a Review

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