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Sports Economics

Sports Economics

By: David Berri
ISBN-10: 1464121729
/ ISBN-13: 9781319106157
Language: English
				
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Front Matter

    • Cover
    • Title Page
    • Copyright Page
    • About the Author
    • Contents
    • Preface
    • Vision and Story of Sports Economics
    • Engaging Students in the Study of Sports Economics
    • Asking Questions to Elicit Engagement
    • Powerful Support for Instructors
    • Enhanced Value; Affordable Options

Part I: The Basics of Sports Economics

    • Chapter 1: It’s Just Supply and Demand
    • 1.1 In Sports, Perception and Reality Don’t Always Match
    • 1.2 The Marshallian Method
    • 1.3 Marshall and the Demand Curve
    • 1.4 Just a Matter of Time
    • 1.5 The Marshallian Cross
    • 1.6 What Determines Ticket Prices?
    • 1.7 “The Decision” Teaches Us How Market Impediments Have Unintended Consequences
    • 1.8 What Is the “Right” Price?
    • 1.9 The Many Lessons “The Decision” Teaches
    • 1.10 Deductive Versus Inductive Reasoning
    • Key Terms
    • Problems
    • Chapter 2: Market Size and Wins
    • 2.1 From the Law of Demand to Team Revenue
    • 2.2 Debating Team Costs
    • 2.3 Why Do the Yankees Dominate?
    • 2.4 Market Size and Wins: The Data from MLB
    • 2.5 Modeling Market Size and Wins in Professional Sports
    • 2.6 Modeling Payroll and Wins in Professional Sports
    • 2.7 A Basic Model of Wins in Professional Sports
    • 2.8 A Simple Guide to Evaluating Empirical Models
    • Key Terms
    • Problems
    • Appendix 2A: Very Basic Regression Analysis

Part II: The Organization of Professional Sports

    • Chapter 3: For the Money or the Glory?
    • 3.1 Revenues and Profits in Major Professional Team Sports Leagues
    • 3.2 Monopoly Comes to American Sports
    • 3.3 Europeans Embrace Competition
    • 3.4 Elasticity of Demand
    • 3.5 Price Elasticity and Sports
    • Key Terms
    • Problems
    • Appendix 3A: The Utility-Maximization Model
    • Appendix 3B: The Math of Elasticity
    • Chapter 4: The Competitive Balance Defense
    • 4.1 The Competitive Balance Argument
    • 4.2 The Reserve Clause
    • 4.3 The Reverse-Order Draft
    • 4.4 Simon Rottenberg Defends the Free Market
    • 4.5 Salary Caps, Luxury Taxes, Revenue Sharing, Oh My!
    • 4.6 The Noll–Scully Measure of Competitive Balance
    • 4.7 A Simple Snapshot of League Institutions
    • 4.8 Two Competitive Balance Stories
    • 4.9 Balancing Evolution
    • 4.10 Do Leagues Want Competitive Balance?
    • Key Terms
    • Problems
    • Appendix 4A: Standard Deviation Made Simple

Part III: The Market for Labor in Professional Sports

    • Chapter 5: Labor Negotiations in Sports
    • 5.1 Differing Views on the Overpayment of Professional Athletes
    • 5.2 Unrestricted and Restricted Labor Markets
    • 5.3 The Economics of Labor Conflict
    • 5.4 A History of Making Fans Angry
    • 5.5 Why Can’t Fans Hold a Grudge?
    • Key Terms
    • Problems
    • Chapter 6: The Economic Value of Playing Talent
    • 6.1 Measuring the Productivity of a Hitter in Baseball
    • 6.2 Measuring the Productivity of a Pitcher in Baseball
    • 6.3 The “ERA Problem” in Hockey
    • 6.4 Measuring Worker Productivity in a Complex Invasion Sport: The Basketball Case Study
    • 6.5 The Scully Approach to Measuring MRP
    • 6.6 The Promise and Reality of the Scully MRP Measurement
    • 6.7 A Simpler Approach
    • 6.8 The Free-Market Approach
    • 6.9 Back to Marx and Clark
    • Problems
    • Chapter 7: Discrimination in Sports
    • 7.1 The Economic Theory of Discrimination
    • 7.2 The Empirical Evidence of Wage Discrimination in the NBA
    • 7.3 Learning from Implicit Bias
    • 7.4 National Origin Bias
    • 7.5 He Really Looks Good Out There!
    • 7.6 Challenges in the Study of Discrimination
    • Key Terms
    • Problems
    • Appendix 7A: Learning from Control Variables
    • 7A.1 The NBA’s MVP Award
    • 7A.2 Learning from the Control Variables: The Salaries Paid to NFL Quarterbacks
    • Chapter 8: Women and Sports
    • 8.1 The Lesson Learned — and Not Learned — from Demand Data
    • 8.2 The Gender Wage Gap in the WNBA
    • 8.3 The Highest-Paid Women in Professional Team Sports in North America
    • 8.4 Are Men Really Better Leaders?
    • 8.5 To Understand Gender and Sports, You Need to Look Beyond Markets
    • Problems
    • Appendix 8A: Econometric Models for Women’s Sports

Part IV: Sports and Government

    • Chapter 9: The Economics of College Sports
    • 9.1 Some History of the NCAA
    • 9.2 Competitive Balance and the NCAA
    • 9.3 Even More Competitive Imbalance in Women’s College Sports
    • 9.4 Worker Productivity and Exploitation in the NCAA
    • 9.5 Coaching College Sports
    • 9.6 Title IX Enforcement: Myth and Measurement
    • 9.7 Profitability in College Sports
    • Problems
    • Chapter 10: Subsidizing Sports
    • 10.1 Economists Agree?
    • 10.2 The Value of Sports: Industry Approach Versus Economic Theory
    • 10.3 The Value of Sports: The Empirical Evidence
    • 10.4 Government Ignoring Economists — at the Local and Federal Level
    • 10.5 The Economic Cost of International Parties
    • 10.6 Sports Make Us Happy
    • Key Terms
    • Problems

Part V: The Efficiency of Sports Markets

    • Chapter 11: Moneyball On and Off the Field
    • 11.1 The First Sports Economics Article Proposes a Rationality Test
    • 11.2 Testing the Moneyball Hypothesis in Baseball and Soccer
    • 11.3 Testing the Moneyball Hypothesis in Basketball
    • 11.4 Moneyball in the Draft
    • 11.5 Moneyball on the Field
    • 11.6 Adam Smith Versus NBA Coaches
    • 11.7 Systematically Evaluating Coaches
    • 11.8 So Do Teams Need a Coach?
    • 11.9 Moneyball? Well, It Depends . . .
    • Problems
    • Appendix 11A: Moneyball Models
    • 11A.1 Free-Agent Market in Basketball
    • 11A.2 Star Power and Gate Revenue in Basketball
    • 11A.3 Drafting Quarterbacks in the NFL
    • 11A.4 Evaluating Stolen Bases in Baseball

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