This is by far the book to read on the issue of the economic impact of public subsidies for sports stadiums. Economists Roger Noll and Andrew Zimbalist also the author of the first book on our list show how these subsidies are almost always losing propositions for the governments involved. This book is nothing if not a wealth of facts, figures, and economic reasoning. If you're doing a term paper on the subject, start here.
The two authors are sports fans, not economists, so their arguments are less technical and much more accessible than the others on this list, making it highly recommended for economics beginners. Though it is one of the longer books on our list, it still makes for a worthwhile read. This book is entertaining but also informative. It is such an authority on the subject that it has been used as a textbook in some sports economics courses.
Rosentraub argues that sports leagues keep the number of teams in the league artificially low, which gives them an artificially high amount of bargaining power when lobbying for a new stadium. Authors James Quirk and Stephen Ross show how the rising salaries and rising franchise values in professional sports have come at the expense of the fan and of the taxpayer.
They argue that sports leagues are monopolies that should be broken up by the Justice Department. The views put forth in the book are far more radical than the other ones on the list, but are still very compelling. The eight and final book on our list is yet another good overview of the business of sports. And you can always email me if you have questions.
Rodney Fort's Sports Economics. Search this site. Home Textbook: Sports Economics Version 1.
Favorite Sports Quote. You are welcome. Favorite Sports Quote Baseball is like church Many attend but few understand.
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Journal of Sports Economics
Sports Economics helps readers understand the business side of sports and how it impacts the games seen at the stadium or in the arena. The third edition features coverage on the role of electronic media, and the current economic situation. The Economics of Sports by Michael A. Many economists find the sports industry to be the ideal paradigm to illustrate a range of economic concepts, which explains why the Economics of Sports course continues to grow in popularity.
Now in theThird Edition, The Economics of Sportsexplores economic concepts and theory-industrial organization, public finance, and labor economics-in the context of applications from American and international sports. For all readers interested in sports economics.
Fort ISBN: Why would a Japanese millionaire want to buy the Seattle Mariners baseball team, when he has admitted that he has never played in or even seen a baseball game? Cash is the answer: major league baseball, like professional football, basketball, and hockey, is now big business with the potential to bring millions of dollars in profits to owners.
Sports Economics Textbooks - Sports Economics - Libraries at Boston College
Not very long ago, however, buying a sports franchise was a hazardous investment risked only by die-hard fans wealthy enough to lose parts of fortunes made in other businesses. What forces have changed team ownership from sports-fan folly to big-business savvy? Why has The Wall Street Journal become popular reading in pro sports locker rooms? And why are sports pages now dominated by economic clashes between owners and players, cities with franchises and cities without them, leagues and players' unions, and team lawyers and players' lawyers?
In answering these questions, James Quirk and Rodney Fort have written the most complete book on the business and economics of professional sports, past and present. Pay Dirt offers a wealth of information and analysis on the reserve clause, salary determination, competitive balance in sports leagues, the market for franchises, tax sheltering, arenas and stadiums, and rival leagues. The authors present an abundance of historical material, much of it new, including team ownership histories and data on attendance, TV revenue, stadium and arena contracts, and revenues and costs.
League histories, team statistics, stories about players and owners, and sports lore of all kinds embellish the work. Quirk and Fort are writing for anyone interested in sports in the s: players, players' agents, general managers, sportswriters, and, most of all, sports fans. What economic rules govern sports? How does the sports business differ from other businesses? Playbooks and Checkbooks takes a fascinating step-by-step look at the fundamental economic relationships shaping modern sports.
Focusing on the ways that the sports business does and does not overlap with economics, the book uncovers the core paradox at the heart of the sports industry.