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 seventh edition include: . An entirely new chapter on sports gambling and a fully revised section on intercollegiate sports; . Updated material on social justice in sports and the impact of the COVID-19 pandemic on the industry; . More coverage of international sports, e-sports, and new biographical sketches. This well-presented and accessible text is supported by easy-to-follow pedagogical features, such as end-of-chapter summaries and questions, and a companion website, which offers useful resources for students and instructors. It is the perfect 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, and a research associate at IZA. He has published numerous articles in labor economics and the economics of sports and was co-editor of the Handbook on the Economics of Women in Sports. He has won departmental, college, and university awards for his teaching. From 2007 to 2009, he was an assistant dean at Temple University, Japan. Peter von Allmen is the David H. Porter Professor of Economics at Skidmore College in Saratoga Springs, NY. His primary research focus is sports economics with a particular focus on demand studies and compensation schemes, incentives, and monopsony power. He previously served as the president of the North American Association of Sports Economists (NAASE). In 2006-2007 he was a fellow of the American Council on Education. Victor A. Matheson is a professor in the Department of Economics and Accounting at the College of the Holy Cross in Worcester, MA. His research focuses on the economic impact of teams, stadiums, and events on local economies as well as the economics of gambling. He has served as the president of the North American Association of Sports Economists (NAASE) and as an editor of the Journal of Sports Economics. He has also had a long career as a top-level soccer referee, officiating more than 500 D1 college matches as well as games in Major League Soccer.

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