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Sports economics modules offer a range of transferable and specific skills that can be applied to a range of job opportunities, particularly in the ever- growing sports and leisure industries, local government and tourism.
Dr Andy Cooke, Nottingham Trent University The central theme that characterises sports economics is that competing teams must co-operate, to some degree, for a meaningful schedule of matches to take place.
This gives rise to two terms: Specifically, the attractiveness of a given fixture will be enhanced if the outcome is uncertain; matches which are foregone conclusions will be less attractive in the long term to paying spectators, as well as to the media. Thus, it Economics of sport in the interest of a league to sustain fan interest for as long as possible by providing fixture lists between equally matched teams.
Photo by KulaDima Mechanisms to promote team equality vary. Typically, European leagues are merit-based; vertical hierarchies enable poorer performing teams from a higher division to be replaced by better performing teams from a lower division through a process of promotion and relegation.
Inevitably a substantial literature has evolved, both in terms of how best to measure competitive balance unambiguously and its policy implications.
As a literature, sports economics originated in a seminal article by Simon Rottenberg which focused on the prevailing restrictions in the labour market for baseball players. Since then, the literature has grown exponentially, particularly over the last 25 years or so.
The shift of sports economics away from the periphery of the economics discipline is evidenced more recently by top international journals devoting whole volumes to sports-based economic analysis: There is now a dedicated journal devoted to the growing body of research into professional team sport, namely the Journal of Sports Economics.
The earlier literature had a strong focus on the major North American leagues baseball, basketball, football and ice hockey. This reflected the fact that detailed data sets were readily available, thereby providing a ready-made laboratory for the analysis of economic propositions. Furthermore, professional team sport in the North America tended, relative to Europe, to have a more business-like edge with regard to its organisation and supply.
More recently the economic analysis of football has become particularly prominent as concerns have emerged about the potentially detrimental effects of highly affluent teams dominating domestic and European competition. Sports economics links directly to a range of sub-disciplines within the broader economics literature such as industrial economics e.
Thus, sport offers an array of highly relevant applications to the economist.The Economics of Sports, by Michael Leeds and Peter von Allmen (Either the 3rd or 4th Edition) Sports Economics, by Rodney Fort (Either edition) Recommended Readings.
The linking of economic theory to the context of the sport industry to try and understand this most popular and universal of activities from an economic perspective is the basis for this study. 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 .
Economic Analysis of Sport Economic analysis of aspects of the sports industry e.g., incentives that influence actions of players, teams, leagues, and governments; economic impact of teams and special events; analytic tools for the sports industry.
Chapter 4 MONOPOLY & ANTITRUST FIFTH EDITION The Economics of Sports MICHAEL A. LEEDS | PETER VON ALLMEN.
The economics of professional sport If you’ve seen or read Moneyball you’ll understand how economics can be used to put together a team. This is the true story of Billy Beane, the former general manager of the Oakland Athletics baseball team. There’s been a lot of hype around eSports in the past couple of years, mostly due to the surging viewership numbers around Riot Games’ hit online game League of Legends. I bought into it too, mostly because I love video games. And I’m competitive as hell. So I sniffed around the industry for. The use of metrics as a tool for evidence-based decision making has gained traction amongst sports teams, most famously by Billy Beane of the Oakland A’s. The ‘ Moneyball ’ strategy has been implemented by many sports teams with varying rates of success.
The Economics of Sports (The Pearson Series in Economics) by Leeds, Michael A.; von Allmen, Peter and a great selection of similar Used, New and Collectible Books available now at pfmlures.com