Economics of Sports, The (3rd Edition)

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9780321415561: Economics of Sports, The (3rd Edition)

Many economists find the sports industry to be the ideal paradigm to illustrate a range of economic concepts, which explains why the Economics of Sports course continues to grow in popularity. Now in the Third Edition, The Economics of Sports explores economic concepts and theory—industrial organization, public finance, and labor economics—in the context of applications from American and international sports.

Introduction and Review of Economic Concepts: Introduction; Review of the Economist's Arsenal. The Industrial Organization of Sports: Sports Franchises as Profit-Maximizing Firms; Monopoly and Antitrust; Competitive Balance. The Public Finance of Sports: The Public Finance of Sports: The Market for Sports Franchises; The Costs and Benefits of a Franchise to a City. The Labor Economics of Sports: An Introduction to Labor Markets in Professional Sports; Labor Unions and Labor Relations; Discrimination; The Economics of Amateurism and College Sports.

For all readers interested in sports economics.

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About the Author:

While trained as a labor economist, Michael Leeds is best known for his teaching and research in sports economics. His research has appeared in such journals as The Journal of Urban Economics, Economic Inquiry, and The Journal of Sports Economics. A recent paper co-authored with Jonathan Scott and William Dunkelberg on the search for lenders won a “best paper” award at the 2004 Meetings of the Eastern Finance Association. Along with Peter von Allmen (a Temple Ph.D.), he is coauthor of the The Economics of Sports and a forthcoming principles of economics textbook. His recent research includes work on the impact of major college football on Title IX compliance and on the economic value of naming rights purchases. Since 1994 he has been Director of the Honors Program in the Fox School of Business.

 

Peter von Allmen is a Professor of Economics and Business at Moravian College.  He received his B.A. from the College of Wooster and his Ph.D. from Temple University. Dr. von Allmen teaches courses in microeconomic theory, labor economics, industrial organization, the economics of sports, and the economics of health & health care. He has published in the areas of family labor supply, compensation schemes in professional sports, and post-secondary pedagogy. He is the co-author of The Economics of Sports. A second text is forthcoming. In addition, he has served as a consultant in the pharmaceutical industry.

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