a multiple equilibria approach to professional sports leagues /
نام نخستين پديدآور
Duane W. Rockerbie, Stephen T. Easton.
مشخصات ظاهری
نام خاص و کميت اثر
1 online resource.
فروست
عنوان فروست
Sports economics, management, and policy
یادداشتهای مربوط به خلاصه یا چکیده
متن يادداشت
Anumber of clubs in professional sports leagues exhibit winning streaks over a number of consecutive seasons that do not conform to the standard economic model of a professional sports league developed by El Hodiri and Quirk (1994) and Fort and Quirk (1995). These clubs appear to display what we term "unsustainable runs", defined as a period of two to four seasons where the club acquires expensive talent and attempts to win a league championship despite not having the market size to sustain such a competitive position in the long run. The standard model predicts that clubs that locate in large economic markets will tend to acquire more talent, achieve more success on the field and at the box office than clubs that are located in small markets. This book builds a model that can allow unsustainable runs yet retains most of the features of the standard model. The model is then subjected to empirical verification. The new model we develop in the book has as its central feature the possibility of generating two equilibria for a club. In the empirical sections of the book, we use time-series analysis to attempt to test for the presence of unsustainable runs using historical data from National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL) and Major League Baseball (MLB). The multiple equilibria model retains all of the features of the standard model of a professional sports league that is accepted quite universally by economists, yet it offers a much richer approach by including an exploration of the effects of revenues that are earned at the league level (television, apparel, naming rights, etc.) that are then shared by all of the member clubs, making this book unique and of great interest to scholars in a variety of fields in economics
ویراست دیگر از اثر در قالب دیگر رسانه
عنوان
Run to the pennant.
شماره استاندارد بين المللي کتاب و موسيقي
1461478847
موضوع (اسم عام یاعبارت اسمی عام)
موضوع مستند نشده
Professional sports-- Economic aspects-- United States.
موضوع مستند نشده
Professional sports-- United States-- Management.
مقوله موضوعی
موضوع مستند نشده
BUS-- 070070
موضوع مستند نشده
SPO-- 068000
رده بندی ديویی
شماره
338
.
47796
ويراست
23
رده بندی کنگره
شماره رده
GV716
نام شخص به منزله سر شناسه - (مسئولیت معنوی درجه اول )