ABSTRACT

The sports industry provides a seemingly endless set of examples from every area of microeconomics, giving students the opportunity to study economics in a context that holds their interest. Thoroughly updated to reflect the current sports landscape, The Economics of Sports introduces core economic concepts and theories and applies them to American and international sports.

Updates for this sixth edition include:

  • More coverage of international sports, including European football;
  • A revised chapter on competitive balance, reflecting new techniques;
  • A brand-new chapter on mega-events such as the Olympics and World Cup;
  • New material on umpire bias;
  • A completely redesigned chapter on amateur competition that focuses exclusively on intercollegiate sports. This chapter is also now modular, enabling instructors who wish to intersperse it with the other chapters to do so with greater ease.

This accessible text is supported by a companion website which includes resources for students and instructors. It is the perfect text for advanced undergraduate and graduate courses on sports economics.

part One|52 pages

Introduction and Review of Economic Concepts

chapter 1|10 pages

Economics and Sports

chapter 2|40 pages

Review of the Economist’s Arsenal

part Two|94 pages

The Industrial Organization of Sports

chapter 3|36 pages

Sports Leagues and Franchises

chapter 4|28 pages

Monopoly and Antitrust

chapter 5|28 pages

Competitive Balance

part Three|90 pages

Public Finance and Sports

chapter 6|30 pages

The Public Finance of Sports

Who Benefits and How?

chapter 7|26 pages

The Public Finance of Sports

Who Pays and Why?

chapter 8|32 pages

Mega-Events

part Four|88 pages

The Labor Economics of Sports

chapter 10|28 pages

Labor Market Imperfections

chapter 11|26 pages

Discrimination

part Five|39 pages

Sports in the Not-for-Profit Sector

chapter 12|37 pages

The Economics of Intercollegiate Sports