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.
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cheltenham [u.a.]
Elgar
2014
|
| Edition: | 2. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Summary: | 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. |
| Physical Description: | XVI, 189 S. graph. Darst. |
| ISBN: | 9781781955383 9781783475292 |
Staff View
MARC
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| 100 | 1 | |a Kesenne, Stefan |d 1950-2021 |e Verfasser |0 (DE-588)170533816 |4 aut | |
| 245 | 1 | 0 | |a The economic theory of professional team sports |b an analytical treatment |c Stefan Késenne |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a Cheltenham [u.a.] |b Elgar |c 2014 | |
| 300 | |a XVI, 189 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 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 Mannschaftssport |0 (DE-588)4168845-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Berufssport |0 (DE-588)4005940-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Sportökonomie |0 (DE-588)4207188-4 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Berufssport |0 (DE-588)4005940-6 |D s |
| 689 | 0 | 1 | |a Mannschaftssport |0 (DE-588)4168845-4 |D s |
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| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-027591466 | |
Record in the Search Index
| _version_ | 1807503777812447232 |
|---|---|
| adam_text |
Contents in
full
List of figures
ix
List of tables
xi
List of symbols
xii
Preface to the second edition
xiv
Preface to the first edition
xv
1
The peculiar economics of professional team sports
1
1.1
Introduction
1
1.2
Peculiarities
2
1.3
Objectives of team owners
4
Exercises
1 8
2
Sports product market
9
2.1
Introduction
9
2.2
The league championship
9
2.2.1
Uncertainty of outcome and competitive balance
11
2.2.2
The optimal number of teams in a league
12
2.3
Stadium attendance
19
2.3.1
Season attendance
19
2.3.2
Match attendance
21
2.4
Club revenue and cost
22
2.5
Ticket pricing
24
2.6
Sports and the media
27
2.6.1
The market of broadcast rights
28
2.6.2
The market of televised sport
36
Exercises
2 43
Appendix
44
3
Player labour market
48
3.1
Introduction
48
3.2
Demand and supply of talent
49
3.3
Walras equilibrium
51
3.3.1
Profit maximisation
52
3.3.2
Comparing profit and win maximisation
55
3.3.3
Segmented player labour market
62
Contents in
full
·
vii
3.4 Nash
equilibrium
65
3.4.1 Profit
maximisation
67
3.4.2
Win maximisation
70
3.4.3
Fixed talent supply and Nash conjectures
71
3.4.4
Win bonus
73
3.4.5
Efficiency wages
80
Exercises
3 83
Appendix
84
4
Product and labour market
88
4.1
Introduction
88
4.2
Ticket pricing and talent hiring
88
4.2.1
Profit maximisation
89
4.2.2
Win maximisation
92
4.3
Maximum ticket price
94
4.4
Stadium capacity constraint
96
4.5
Numerical example
99
Exercises
4 102
5
Restrictions on player mobility
103
5.1
Introduction
103
5.2
The transfer system in a profit-maximisation league
105
5.3
The transfer system in a win-maximisation league
109
5.4
Youth training compensation and the freedom to move
113
5.5
International player mobility
115
5.5.1
Closed national product and labour markets
117
5.5.2
Open labour market and closed product markets
119
5.5.3
Open product and player markets
120
5.6
Conclusion
121
Exercises
5 122
6
Revenue sharing
123
6.1
Introduction
123
6.2
Revenue sharing in the Walras equilibrium model
123
6.2.1
Revenue sharing in a profit-maximisation league
124
6.2.2
Revenue sharing in a win-maximisation league
126
6.3
Revenue sharing in the Nash equilibrium model
128
6.3.1
Revenue sharing and profit maximisation
128
6.3.2
Revenue sharing and win maximisation
130
6.4
Conclusion
131
Exercises
6 133
Appendix
134
viii
·
The economic
theory of professional team sports
7
Salary caps
149
7.1
Introduction
149
7.2
North American payroll cap
149
7.2.1
Salary caps and profit maximisation
150
7.2.2
Salary caps and win maximisation
157
7.3
Soft cap and luxury tax
159
7.4
G-
14
payroll cap in European football
161
7.5
Conclusion
166
Exercises
7 167
Answers to exercises
168
References and selected bibliography
175
Index
183 |
| any_adam_object | 1 |
| author | Kesenne, Stefan 1950-2021 |
| author_GND | (DE-588)170533816 |
| author_facet | Kesenne, Stefan 1950-2021 |
| author_role | aut |
| author_sort | Kesenne, Stefan 1950-2021 |
| author_variant | s k sk |
| building | Verbundindex |
| bvnumber | BV042151641 |
| callnumber-first | G - Geography, Anthropology, Recreation |
| callnumber-label | GV716 |
| callnumber-raw | GV716 |
| callnumber-search | GV716 |
| callnumber-sort | GV 3716 |
| callnumber-subject | GV - Leisure and Recreation |
| classification_rvk | QR 568 ZX 6900 |
| ctrlnum | (OCoLC)894635765 (DE-599)BVBBV042151641 |
| dewey-full | 796.06/91 |
| dewey-hundreds | 700 - The arts |
| dewey-ones | 796 - Athletic and outdoor sports and games |
| dewey-raw | 796.06/91 |
| dewey-search | 796.06/91 |
| dewey-sort | 3796.06 291 |
| dewey-tens | 790 - Recreational and performing arts |
| discipline | Sport Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
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| id | DE-604.BV042151641 |
| illustrated | Illustrated |
| indexdate | 2024-08-16T00:58:49Z |
| institution | BVB |
| isbn | 9781781955383 9781783475292 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027591466 |
| oclc_num | 894635765 |
| open_access_boolean | |
| owner | DE-355 DE-BY-UBR DE-703 DE-188 DE-634 |
| owner_facet | DE-355 DE-BY-UBR DE-703 DE-188 DE-634 |
| physical | XVI, 189 S. graph. Darst. |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | Elgar |
| record_format | marc |
| spelling | Kesenne, Stefan 1950-2021 Verfasser (DE-588)170533816 aut The economic theory of professional team sports an analytical treatment Stefan Késenne 2. ed. Cheltenham [u.a.] Elgar 2014 XVI, 189 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier 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 Mannschaftssport (DE-588)4168845-4 gnd rswk-swf Berufssport (DE-588)4005940-6 gnd rswk-swf Sportökonomie (DE-588)4207188-4 gnd rswk-swf Berufssport (DE-588)4005940-6 s Mannschaftssport (DE-588)4168845-4 s Sportökonomie (DE-588)4207188-4 s DE-604 Erscheint auch als Online-Ausgabe 978-1-78195-539-0 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027591466&sequence=000002&line_number=0001&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 Mannschaftssport (DE-588)4168845-4 gnd Berufssport (DE-588)4005940-6 gnd Sportökonomie (DE-588)4207188-4 gnd |
| subject_GND | (DE-588)4168845-4 (DE-588)4005940-6 (DE-588)4207188-4 |
| 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_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 Mannschaftssport (DE-588)4168845-4 gnd Berufssport (DE-588)4005940-6 gnd Sportökonomie (DE-588)4207188-4 gnd |
| topic_facet | Economische aspecten Sportploegen Wirtschaft Sports teams Economic aspects Professional sports Economic aspects Mannschaftssport Berufssport Sportökonomie |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027591466&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT kesennestefan theeconomictheoryofprofessionalteamsportsananalyticaltreatment |