The economic theory of professional team sports: an analytical treatment
This comprehensive textbook presents an analytical treatment of the economic theory of professional team sports and is aimed at both students and lecturers in the field of sports economics.
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cheltenham [u.a.]
Elgar
2007
|
| Schriftenreihe: | New horizons in the economics of sport
|
| Schlagworte: | |
| Online-Zugang: | Table of contents only Klappentext Inhaltsverzeichnis |
| Zusammenfassung: | This comprehensive textbook presents an analytical treatment of the economic theory of professional team sports and is aimed at both students and lecturers in the field of sports economics. |
| Beschreibung: | Literaturverz.: S. 151 - 157. - Hier auch später erschienene, unveränderte Nachdrucke |
| Beschreibung: | XIV, 162 S. graph. Darst. |
| ISBN: | 9781847202079 9781848441200 |
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| 245 | 1 | 0 | |a The economic theory of professional team sports |b an analytical treatment |c Stefan Késenne |
| 264 | 1 | |a Cheltenham [u.a.] |b Elgar |c 2007 | |
| 300 | |a XIV, 162 S. |b graph. Darst. | ||
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| 490 | 0 | |a New horizons in the economics of sport | |
| 500 | |a Literaturverz.: S. 151 - 157. - Hier auch später erschienene, unveränderte Nachdrucke | ||
| 520 | 3 | |a This comprehensive textbook presents an analytical treatment of the economic theory of professional team sports and is aimed at both students and lecturers in the field of sports economics. | |
| 650 | 7 | |a Economische aspecten |2 gtt | |
| 650 | 7 | |a Sportploegen |2 gtt | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Sports teams |x Economic aspects | |
| 650 | 4 | |a Professional sports |x Economic aspects | |
| 650 | 0 | 7 | |a Sportökonomie |0 (DE-588)4207188-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Berufssport |0 (DE-588)4005940-6 |2 gnd |9 rswk-swf |
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Datensatz im Suchindex
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| adam_text | This comprehensive new textbook presents the most rigorous, analytical
treatment of the theory of professional team sports presently available.
In the first part of the book, Stefan
Késenne
explores the special
characteristics of the industry, analysing the product and player labour
market under both the profit- and win-maximisation hypothesis. He then
goes on to investigate the impact of different league regulations such as
the transfer system, revenue sharing arrangements and salary caps.
The Economic Theory of Professional Team Sports will undoubtedly
become a classic in the field which every student, lecturer and researcher
of the economics of sport will want on their shelves.
Stefan
Késenne
is Professor of Economics at the University of Antwerp
and the Catholic University of
Leuven,
Belgium.
Contents
List of figures viii
List of tables x
List of symbols xi
Foreword xiii
1. The peculiar economics of professional team sports 1
1.1. Introduction 1
1.2. Peculiarities 2
1.3. Objectives of club owners 4
Exercises 1 7
2. Sports product market 8
2.1. Introduction 8
2.2. Market of live sport 8
2.2.1. Uncertainty of outcome and competitive
balance 10
2.2.2. Stadium attendance 11
2.2.3. Club revenue and cost 14
2.2.4. Ticket pricing 16
2.3. Market of television rights and television sport 19
2.3.1. Demand for television sport 19
2.3.2. Pooling of broadcasting rights 22
2.3.3. Pay-per-view or free-to-air? 25
Exercises 2 29
3. Player labour market 30
3.1. Introduction 30
3.2. Demand and supply in the talent market 31
3.3. Walras equilibrium model 34
3.3.1. Profit maximisation 35
3.3.2. Comparing profit and win maximisation 37
3.3.3. Segmented player labour market 47
3.4. Nash equilibrium model 49
3.4.1. Profit maximisation 51
3.4.2. Win maximisation 53
v
vi The economic theory of professional team sports
3.4.3. Fixed supply of talent 55
3.4.4. Win bonus 57
3.4.5. Efficiency wages 64
Appendix 3.1. The benchmark model 68
Exercises 3 70
4. Product and labour market 71
4.1. Introduction 71
4.2. Ticket pricing and talent hiring 71
4.3. Stadium capacity constraint and maximum ticket price 76
4.4. Numerical example 81
Exercises 4 83
5. Restrictions on player mobility 84
5.1. Introduction 84
5.2. The transfer system in a profit-maximisation league 85
5.3. The transfer system in a win-maximisation league 90
5.4. International player mobility 94
5.5. Conclusion 99
Exercises 5 100
6. Revenue sharing 101
6.1. Introduction 101
6.2. Revenue sharing in the Walras equilibrium model 101
6.2.1. Revenue sharing in a profit-maximisation league 102
6.2.2. Revenue sharing in a win-maximisation league 110
6.3. Revenue sharing in the Nash equilibrium model 114
6.3.1. Exogenous salary level 115
6.3.2. Prize funds 120
6.3.3. Efficiency wages 121
6.4. Conclusion 123
Exercises 6 124
7. Salary caps 125
7.1. Introduction 125
7.2. North American payroll cap 125
7.2.1. Profit maximisation 126
7.2.2. Win maximisation 133
7.3. Soft cap and luxury tax 134
7.4. G-14 payroll cap in European football 137
7.5. Conclusion 141
Exercises 7 142
Contents vii
Answers to exercises 143
References and selected bibliography 151
Index 159
|
| adam_txt |
This comprehensive new textbook presents the most rigorous, analytical
treatment of the theory of professional team sports presently available.
In the first part of the book, Stefan
Késenne
explores the special
characteristics of the industry, analysing the product and player labour
market under both the profit- and win-maximisation hypothesis. He then
goes on to investigate the impact of different league regulations such as
the transfer system, revenue sharing arrangements and salary caps.
The Economic Theory of Professional Team Sports will undoubtedly
become a classic in the field which every student, lecturer and researcher
of the economics of sport will want on their shelves.
Stefan
Késenne
is Professor of Economics at the University of Antwerp
and the Catholic University of
Leuven,
Belgium.
Contents
List of figures viii
List of tables x
List of symbols xi
Foreword xiii
1. The peculiar economics of professional team sports 1
1.1. Introduction 1
1.2. Peculiarities 2
1.3. Objectives of club owners 4
Exercises 1 7
2. Sports product market 8
2.1. Introduction 8
2.2. Market of live sport 8
2.2.1. Uncertainty of outcome and competitive
balance 10
2.2.2. Stadium attendance 11
2.2.3. Club revenue and cost 14
2.2.4. Ticket pricing 16
2.3. Market of television rights and television sport 19
2.3.1. Demand for television sport 19
2.3.2. Pooling of broadcasting rights 22
2.3.3. Pay-per-view or free-to-air? 25
Exercises 2 29
3. Player labour market 30
3.1. Introduction 30
3.2. Demand and supply in the talent market 31
3.3. Walras equilibrium model 34
3.3.1. Profit maximisation 35
3.3.2. Comparing profit and win maximisation 37
3.3.3. Segmented player labour market 47
3.4. Nash equilibrium model 49
3.4.1. Profit maximisation 51
3.4.2. Win maximisation 53
v
vi The economic theory of professional team sports
3.4.3. Fixed supply of talent 55
3.4.4. Win bonus 57
3.4.5. Efficiency wages 64
Appendix 3.1. The benchmark model 68
Exercises 3 70
4. Product and labour market 71
4.1. Introduction 71
4.2. Ticket pricing and talent hiring 71
4.3. Stadium capacity constraint and maximum ticket price 76
4.4. Numerical example 81
Exercises 4 83
5. Restrictions on player mobility 84
5.1. Introduction 84
5.2. The transfer system in a profit-maximisation league 85
5.3. The transfer system in a win-maximisation league 90
5.4. International player mobility 94
5.5. Conclusion 99
Exercises 5 100
6. Revenue sharing 101
6.1. Introduction 101
6.2. Revenue sharing in the Walras equilibrium model 101
6.2.1. Revenue sharing in a profit-maximisation league 102
6.2.2. Revenue sharing in a win-maximisation league 110
6.3. Revenue sharing in the Nash equilibrium model 114
6.3.1. Exogenous salary level 115
6.3.2. Prize funds 120
6.3.3. Efficiency wages 121
6.4. Conclusion 123
Exercises 6 124
7. Salary caps 125
7.1. Introduction 125
7.2. North American payroll cap 125
7.2.1. Profit maximisation 126
7.2.2. Win maximisation 133
7.3. Soft cap and luxury tax 134
7.4. G-14 payroll cap in European football 137
7.5. Conclusion 141
Exercises 7 142
Contents vii
Answers to exercises 143
References and selected bibliography 151
Index 159 |
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| illustrated | Illustrated |
| index_date | 2024-07-02T19:06:46Z |
| indexdate | 2024-07-09T21:08:45Z |
| institution | BVB |
| isbn | 9781847202079 9781848441200 |
| language | English |
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| spelling | Kesenne, Stefan 1950-2021 Verfasser (DE-588)170533816 aut The economic theory of professional team sports an analytical treatment Stefan Késenne Cheltenham [u.a.] Elgar 2007 XIV, 162 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier New horizons in the economics of sport Literaturverz.: S. 151 - 157. - Hier auch später erschienene, unveränderte Nachdrucke This comprehensive textbook presents an analytical treatment of the economic theory of professional team sports and is aimed at both students and lecturers in the field of sports economics. Economische aspecten gtt Sportploegen gtt Wirtschaft Sports teams Economic aspects Professional sports Economic aspects Sportökonomie (DE-588)4207188-4 gnd rswk-swf Berufssport (DE-588)4005940-6 gnd rswk-swf Mannschaftssport (DE-588)4168845-4 gnd rswk-swf Berufssport (DE-588)4005940-6 s Mannschaftssport (DE-588)4168845-4 s Sportökonomie (DE-588)4207188-4 s DE-604 http://www.loc.gov/catdir/toc/ecip0713/2007010626.html Table of contents only Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016170600&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Klappentext HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016170600&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Kesenne, Stefan 1950-2021 The economic theory of professional team sports an analytical treatment Economische aspecten gtt Sportploegen gtt Wirtschaft Sports teams Economic aspects Professional sports Economic aspects Sportökonomie (DE-588)4207188-4 gnd Berufssport (DE-588)4005940-6 gnd Mannschaftssport (DE-588)4168845-4 gnd |
| subject_GND | (DE-588)4207188-4 (DE-588)4005940-6 (DE-588)4168845-4 |
| title | The economic theory of professional team sports an analytical treatment |
| title_auth | The economic theory of professional team sports an analytical treatment |
| title_exact_search | The economic theory of professional team sports an analytical treatment |
| title_exact_search_txtP | The economic theory of professional team sports an analytical treatment |
| title_full | The economic theory of professional team sports an analytical treatment Stefan Késenne |
| title_fullStr | The economic theory of professional team sports an analytical treatment Stefan Késenne |
| title_full_unstemmed | The economic theory of professional team sports an analytical treatment Stefan Késenne |
| title_short | The economic theory of professional team sports |
| title_sort | the economic theory of professional team sports an analytical treatment |
| title_sub | an analytical treatment |
| topic | Economische aspecten gtt Sportploegen gtt Wirtschaft Sports teams Economic aspects Professional sports Economic aspects Sportökonomie (DE-588)4207188-4 gnd Berufssport (DE-588)4005940-6 gnd Mannschaftssport (DE-588)4168845-4 gnd |
| topic_facet | Economische aspecten Sportploegen Wirtschaft Sports teams Economic aspects Professional sports Economic aspects Sportökonomie Berufssport Mannschaftssport |
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