Sports Economics: Current Research

Sports Economics: Current Research

Sports Economics: Current Research

Sports Economics: Current Research

Synopsis

The sports industry presents many unusual and interesting opportunities for the application of economic theory and econometrics. In 15 professional papers, this book addresses current economic issues in the industry, including the problem of competitive balance, the location of professional sports teams and their impact on local communities, managerial decision making, and issues related to labor markets. Extending the previous research in sports economics, the papers reflect the most recent applications of economic theory in this area. The book will be a valuable resource for professional economists working on sports economics topics.

Excerpt

In November 1996, Praeger published Baseball Economics: Current Research. That volume is a collection of readings written by professional economists for professional economists. The genesis of the 1996 volume was the annual convention of the Western Economic Association International held in San Diego, California during the summer of 1995. Most of the chapters in the 1996 volume started as research presentations to professional colleagues during the San Diego convention. The best of the presented papers were reviewed by professional colleagues, revised by the authors, and edited for the Baseball Economics collection. We believe that the volume has been well received.

We have continued to use the Western Economic Association's annual summer convention as a forum for the presentation of research by sports economists. During the summers of 1996, 1997, and 1998 the Western conventions were held in San Francisco, Seattle, and Lake Tahoe, respectively. At these conventions, the emphasis of the research presentations was broadened to include all team sports--professional and collegiate. The presentations were made by approximately fifty different economists who label themselves as sports economists to one degree or another.

In 1998, Praeger agreed to publish a second volume of professional sports economics research. We have titled this second volume Sports Economics: Current Research, and it compiles the best of the work presented in San Francisco and Seattle. We have selected the parallel title because this volume has much in common with the earlier Baseball Economics volume. There is the common origin of the Western Economic Association International's convention. Many of this volume's contributors are the same, and their chapters have been reviewed by the same editors. We hope that the main similarity between the two volumes is high-quality professional research on sports economics topics.

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