The economics of sport : an international perspective

This text, by three distinguished authors, applies the theories and techniques of economic analysis to sport and topics related to the business of sport. It builds on a basis of introductory microeconomics and continues the discussion, generally at an intermediate standard. The text has an international perspective, primarily the US, Canada, Europe and Australia, and contains relevant and entertaining case studies. The text suits both undergradute and postgraduate students in that while it provides a clear progression of topics throughout, it also incorporates optional sections in each chapters of a higher and more challenging level.

Author Notes

ROBERT SANDY is Associate Professor of Economics and Chair, Department of Economics, Indiana University Purdue University Indianapolis (IUPUI)

PETER SLOANE is Professor of Economics, University of Swansea.

MARK ROSENTRAUB is Professor and Dean at Maxine Goodman Levin College of Urban Affairs, Cleveland State University, USA
ROBERT SANDY is Associate Professor of Economics and Chair, Department of Economics, Indiana University Purdue University Indianapolis (IUPUI)

PETER SLOANE is Professor of Economics, University of Swansea.

MARK ROSENTRAUB is Professor and Dean at Maxine Goodman Levin College of Urban Affairs, Cleveland State University, USA

Reviews (1)

Choice Review

Those approaching this 12-chapter book, with its textbook-like approach, will want to know that it focuses on numbers and formulas rather than on sociological aspects of economics (knowledge of differential and integral calculus will be helpful). This is not a surprise given the fact that though Rosentraub is a professor of urban affairs (Cleveland State Univ.), Sandy (Indiana University-Purdue University at Indianapolis) and Sloane (Swansea Univ., UK) are both economists. The authors are not interested in analyzing what motivates people and organizations to invest in sports--e.g., why governments subsidize the building of sports facilities; why newspapers devote whole sections to sports news; why colleges support intercollegiate programs that, with few exceptions, lose money. The quality of the writing and analyses varies, and the book suffers in places from garbled sentences. And though one would be hard-pressed to identify obvious gaps in coverage, this reviewer found several misstatements of fact and some outdated references. Finally, the authors fail to provide supporting evidence for some of their assertions. ^BSumming Up: Optional. Upper-division undergraduates and above. W. F. Gustafson emeritus, San Jose State University

List of boxes, tables and figures	p. ix
Acknowledgments	p. xii
Preface	p. xiii
List of abbreviations	p. xv
1 Introduction	p. 1
2 Club and league objectives: profit versus utility maximization	p. 10
Chapter goals	p. 11
Are the motives of team owners and leagues important?	p. 11
North America versus Europe	p. 12
What is profit maximization and what is utility maximization?	p. 15
The Scully model of profit maximization	p. 18
The Sloane model of utility maximization	p. 20
Constraints on utility maximization: publicly-traded clubs	p. 22
Testing the models of individual owner behavior	p. 24
League motives	p. 25
Conclusions	p. 26
3 Demand and pricing	p. 28
Chapter goals	p. 29
The determinants of demand for sporting events	p. 29
Pricing good and bad seats for a single event	p. 41
Pricing season tickets	p. 53
Conclusions	p. 59
4 The labor market for players	p. 64
Chapter goals	p. 65
Introduction	p. 65
The supply of and the demand for professional athletes	p. 66
Collective bargaining in professional sports	p. 75
Competitive restrictions in sporting labor markets	p. 77
Scully's model of salary determination for starters and backups	p. 85
Revenue sharing and salary caps as mechanisms for achieving uncertainty of outcome	p. 91
Conclusions	p. 98
5 Discrimination in professional sports	p. 104
Chapter goals	p. 105
Introduction	p. 105
What is discrimination?	p. 106
Measuring discrimination	p. 110
Evidence of discrimination in professional team sports	p. 113
Public responses to discrimination: Title IX antidiscrimination legislation in the USA	p. 123
Conclusions	p. 124
6 The economic implications of sports broadcasting	p. 127
Chapter goals	p. 128
Introduction	p. 128
The growth of sports broadcasting	p. 132
The effects of sports broadcasting on live attendance	p. 135
Sports broadcasting and competitive balance	p. 137
Public policy and sports broadcasting	p. 140
Conclusions	p. 149
Appendix 6.1 Listed UK sporting events	p. 151
Appendix 6.2 List of services meeting the 'qualifying conditions' as set out in the television regulations, 2000	p. 152
Appendix 6.3 Events designated in other EU states under Article 3a of the Broadcasting Directive	p. 152
Appendix 6.4 Listed British soccer clubs 1999/2000	p. 153
Appendix 6.5 Media interests in British soccer clubs (1999/2000)	p. 154
7 Sports teams and leagues: from a business necessity to dominating cartels	p. 155
Chapter goals	p. 156
Introduction	p. 156
Why are leagues, associations and organizing committees needed?	p. 157
From stability to market control	p. 160
Implications of the North American framework for managing sports	p. 172
Leagues and the management model in the UK	p. 175
Revenue-sharing, leagues and competitive balance	p. 177
Summary and conclusions	p. 182
8 Sports and economic development	p. 186
Chapter goals	p. 187
Introduction	p. 187
Defining terms: talking a common language when discussing the economic gains from sport	p. 188
Moving economic activity to achieve policy goals	p. 193
Sports and economic development: regions and cities	p. 195
Evaluating the success of a city's sports strategy: moving economic activity or enhancing total welfare?	p. 203
Sport and the choice of different locations for business	p. 204
Sport and downtown development: experience elsewhere	p. 205
Teams, sport and total welfare: conclusions	p. 208
The intangible benefits	p. 209
Sport and development: what is possible?	p. 212
9 Financing the facilities used by professional sports teams	p. 215
Chapter goals	p. 216
Introduction	p. 216
The private and public goods aspects of sports facilities	p. 218
The building boom in sports facilities: why, and how large?	p. 222
Factors influencing financing plans for sports facilities	p. 225
Theory into practice: public sector financing of sports facilities	p. 230
Conclusions	p. 239
10 Nonteam sports and incentives	p. 241
Chapter goals	p. 242
Introduction	p. 242
Product markets in nonteam sports	p. 246
Labor markets in non-team sports	p. 248
Conclusions	p. 255
11 College sports in the USA and the role of the NCAA	p. 257
Chapter goals	p. 258
Why are intercollegiate sports so big?	p. 258
Is the NCAA a cartel?	p. 263
Do colleges make or lose money on their sports programs?	p. 267
Competitive balance in intercollegiate sports	p. 278
Conclusions	p. 281
12 Government and sports policy	p. 285
Chapter goals	p. 286
Introduction	p. 286
Amateur sport	p. 288
Sporting infrastructure and international sporting events	p. 292
Antitrust and public policy	p. 296
Conclusions	p. 301
Glossary of terms	p. 305
Bibliography	p. 310
Index	p. 341

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