Economics of professional sports /
Brad R. Humphreys
- Morgantown, West Virginia : BRH Publishing, c2013
- 256 pages : illustrations ; 30 cm
Includes bibliographical references.
1. An economic approach to sport -- 2. The sports industry -- 3. A short run model of team decisions -- 4. A long run model of team decisions -- 5. Sports leagues -- 6. Outcome uncertainty and consumer choice -- 7. Measuring and analyzing competitive balance -- 8. Stadiums, arenas, and subsidies -- 9. Sports betting markets -- 10. Pay and performance in professional sports -- 11. The economics of individual sports
Economics of professional sports applies economic models and concepts to the professional sports industry. Viewing the professional sports industry through the lens of economics provides powerful insights into why players, teams, and leagues behave the way they do and provides a deeper understanding of economics and economic decision making.