Title:
Sports economics
Personal Author:
Edition:
2nd ed.
Publication Information:
Upper Saddle River, NJ : Pearson Prentice Hall, 2006
ISBN:
9780131704213
Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010114064 | GV716 F674 2005 | Open Access Book | Book | Searching... |
Searching... | 30000010126461 | GV716 F674 2005 | Open Access Book | Book | Searching... |
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Summary
Summary
Fort's Sports Economics, 2/e is the only text that provides enough content and rigor for a course taken primarily by economics majors.
Table of Contents
| Preface | p. ix |
| Chapter 1 Warm-Up: The Business of Sports | p. 1 |
| Putting the Business of Sports in Perspective | p. 2 |
| Sports Really Are Big Business | p. 3 |
| Befuddled Fans | p. 4 |
| Player Skepticism and Owner Exasperation | p. 6 |
| Part I Demand, Supply, and Sports Market Outcomes | p. 13 |
| Chapter 2 Demand and Sports Revenue | p. 13 |
| Scarcity in Sports | p. 14 |
| Demand Theory in Sports | p. 19 |
| Lessons from Demand | p. 25 |
| Market Power | p. 25 |
| Willingness to Pay and Consumers' Surpluses | p. 30 |
| Price Elasticity, Total Revenue, and Marginal Revenue | p. 33 |
| Lessons from Total and Marginal Revenue | p. 36 |
| Elasticity and Price Discrimination | p. 40 |
| Revenue Data | p. 43 |
| Chapter 3 The Market for Sports Broadcast Rights | p. 52 |
| Setting the Stage: The Media in Sports | p. 53 |
| Ads and Preference Formation | p. 54 |
| Basics of the Sports Broadcast Rights Market | p. 59 |
| Sports Leagues and Their Broadcast Rights | p. 61 |
| Media Provider Ownership of Sports Teams | p. 65 |
| Firms and Their Advertising Choice | p. 71 |
| Extending the Definition of the MRP of Ads from the Advertiser's Perspective | p. 72 |
| The Beer Wars | p. 76 |
| Sponsorship | p. 78 |
| Big Rights Money and Its Impacts | p. 79 |
| Chapter 4 Team Cost, Profit, and Winning | p. 92 |
| Profit Maximizing Owners? | p. 93 |
| The Short Run Versus the Long Run | p. 95 |
| Short-Run Production and Costs | p. 96 |
| Long-Run Production and Costs | p. 100 |
| Profit Analysis | p. 109 |
| Profits and Quality Choice in the Long Run | p. 113 |
| Real-World Case Study: The San Antonio Spurs | p. 117 |
| Chapter 5 Sports Market Outcomes, Part I: Leagues, Team Location, Expansion, and Negotiations | p. 133 |
| Why Leagues? Making Play and Profits | p. 134 |
| Territory Definition and Protection | p. 139 |
| Expansion and Relocation | p. 141 |
| Negotiations | p. 157 |
| Chapter 6 Sports Market Outcomes, Part II: Leagues and Competitive Balance | p. 164 |
| Competitive Imbalance | p. 165 |
| Remedies for Competitive Imbalance | p. 180 |
| Part II The Market for Talent and Labor Relations | p. 206 |
| Chapter 7 The Value of Sports Talent | p. 206 |
| The Value of Athletes | p. 207 |
| The Marginal Revenue Product Explanation | p. 212 |
| Equilibrium in the Talent Market: Graphical Analysis | p. 217 |
| Real-World MRP Insights | p. 219 |
| The Value of Athletes: Special Cases | p. 228 |
| Discrimination in Pay and Hiring: Introduction | p. 233 |
| Economic Findings on Pay Discrimination | p. 242 |
| Discrimination in Hiring | p. 243 |
| Chapter 8 The History of Player Pay | p. 255 |
| Restricting Competition over Talent | p. 256 |
| Restricting Competition over Incoming Players: The Draft | p. 258 |
| Restricting Competition over League Players: The Reserve. Clause | p. 259 |
| The Value of Reduced Competition over Players | p. 264 |
| What About Competitive Balance? | p. 271 |
| Chapter 9 Labor Relations in Pro Sports | p. 289 |
| Modern Sports Labor Relations | p. 290 |
| Union Goals, Organizational Problems, and Governance | p. 297 |
| Basic Bargaining: Game Theory | p. 306 |
| Work Stoppages | p. 311 |
| Labor Relations in MLB | p. 316 |
| Labor Relations in the NBA | p. 320 |
| Labor Relations in the NFL | p. 325 |
| Labor Relations in the NHL | p. 329 |
| Part III Government and the Sports Business | p. 337 |
| Chapter 10 Subsidies and Economic Impact Analysis | p. 337 |
| The Logic of Sports Team Subsidies | p. 339 |
| Cost-Benefit Analysis Concepts in Sports | p. 347 |
| Estimates of Subsidy Costs | p. 359 |
| Estimates of Subsidy Benefits | p. 361 |
| Are the Costs of Subsidies Worth It? | p. 370 |
| Chapter 11 The Stadium Mess | p. 378 |
| Rational Actor Explanations in Politics: General Insights | p. 379 |
| Owners as Beneficiaries of Rational Actor Subsidy Politics | p. 384 |
| The Role of Leagues in Rational Actor Subsidy Politics | p. 392 |
| The Stadium Mess Explained | p. 395 |
| Direct Democracy and the Stadium Mess | p. 398 |
| First Down and $782 Million to Go in Seattle | p. 405 |
| Altering the Politics of Stadium Subsidies | p. 411 |
| Chapter 12 Taxes, Antitrust, and Competition Policy | p. 417 |
| Taxes | p. 418 |
| Antitrust | p. 425 |
| The Impacts of Special Tax and Antitrust Status | p. 430 |
| Rational Actor Politics, Taxes, and Antitrust | p. 437 |
| Competition Policy | p. 441 |
| Part IV College Sports | p. 456 |
| Chapter 13 College Sports | p. 456 |
| College Sports Really Are Big Business | p. 457 |
| Demand and College Sports Revenue | p. 458 |
| The Market for College Sports Broadcasts | p. 465 |
| Cost, Profits, and Quality | p. 471 |
| Sports Market Outcomes: Athletic Departments, Conferences, and the NCAA | p. 482 |
| Sports Market Outcomes: Competitive Balance | p. 488 |
| The Value of College Sports Talent | p. 498 |
| A Synopsis of Remaining Issues | p. 509 |
| Glossary | p. 522 |
| Index | p. 530 |
