The Economics of Sports

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 landscape, The Economics of Sports introduces core economic concepts and theories, and applies them to US and international sports. Divided into five parts, the book focuses on three major areas of the economics of sports: industrial organization, public economics, and labor economics. Updates for this eighth edition include: - fully revised chapters on sports gambling and the economics of intercollegiate sports - more coverage of international sports, e-sports, financial challenges in European football and new biographical sketches - enhanced testbank and online resources, including data for empirical analysis problems. This accessible and comprehensive text is supported by easy-to-follow pedagogical features and an accompanying website with resources for students and instructors. It is an ideal textbook for intermediate and advanced undergraduate and graduate courses in sports economics.

Michael A. Leeds is Professor of Economics at Temple University in Philadelphia, PA, USA and a research associate at IZA, Bonn, Germany. Peter von Allmen is Professor Emeritus of Economics at Skidmore College in Saratoga Springs, NY, USA. Victor A. Matheson is a professor in the Department of Economics and Accounting at the College of the Holy Cross in Worcester, MA, USA.

Part I: Introduction and Review of Economic Concepts 1. Economics and Sports 2. Review of the Economist's Arsenal Part II: The Industrial Organization of Sports 3. Sports Leagues and Franchises 4. Monopoly and Antitrust 5. Competitive Balance 6. Sports Gambling Part III: Public Finance and Sports 7. Teams, Stadiums, and Municipalities 8. Mega-Events Part IV: The Labor Economics of Sports 9. An Introduction to Labor Markets in Professional Sports 10. Labor Market Imperfections 11. Discrimination in Sports Part V: Sports in the Not-for-Profit Sector 12. The Economics of Intercollegiate Sports. Works Cited.