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.
Table of Contents
Part one: Introduction and Review of Economic Concepts
CHAPTER 1 Economics and Sports
CHAPTER 2 Review of the Economist’s Arsenal
Part two: The Industrial Organization of Sports
CHAPTER 3 Sports Franchises as Profit-Maximising Firms
CHAPTER 4 Monopoly and Antitrust
CHAPTER 5 Competitive Balance
Part three: Public Finance and Sports
CHAPTER 6 The Public Finance of Sports: Who Benefits and How
CHAPTER 7 The Public Finance of Sports: Who Pays and Why
CHAPTER 8 Mega-Events
Part four: The Labor Economics of Sports
CHAPTER 9 An Introduction to Labor Markets in Professional Sports
CHAPTER 10 Labor Market Imperfections
CHAPTER 11 Discrimination
Part five: Sports in the Not-for-Profit Sector
CHAPTER 12 The Economics of College Sports
Michael A. Leeds is Professor and Department Chair of Economics at Temple University, Philadelphia, PA, USA, and a research associate at IZA, USA. He has published numerous articles in labor economics and the economics of sports, and was co-editor of the Handbook on the Economics of Women in Sports. He has won departmental, college, and university awards for his teaching. From 2007 to 2009, he was an Assistant Dean at Temple University, Japan.
Peter von Allmen is Professor at the Department of Economics, Skidmore College, Saratoga Springs, NY, USA. He previously served as the president of the North American Association of Sports Economics, and his primary research area is sports economics, with a particular focus on compensation schemes, incentives, and monopsony power.
Victor A. Matheson is Professor of Economics at the College of the Holy Cross, Worcester, MA, USA. He is co-editor of the Journal of Sports Economics and has written over 80 journal articles and book chapters. In addition, he worked as a soccer referee for 30 years and has officiated matches in Major League Soccer as well as over 400 Division 1 college games.