Economics of Sports, The (2nd Edition)

This ground-breaking text on the economy of sports introduces core economic concepts and develops them with examples and applications from the sports industry. With its unique framework, The Economy of Sports covers modern topics of micro and macroeconomics, illustrating such traditional elements as industrial organization, public finance, and labor economics. Modern, progressive subjects including the not-for-profit sector are explored from the vantage point of the sports economy. The text assumes only a basic, one-semester understanding in microeconomics; the rigor and level of depth are designed for undergraduates, making it a perfect fit for sports economics courses and as a supplement to principles-level courses.

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.