The Ball Game Biz
An Introduction to the Economics of Professional Team Sports
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About the Book
This work uses economic theory, simple probability, statistical concepts and game theory to analyze the economics of professional sports. It treats sports leagues as cartels and uses historical examples to test theories regarding labor economics. Many key issues that have sparked raging arguments among fans and writers are addressed, including free agency’s effect on competitive balance, how rising player salaries have/haven’t affected ticket prices, and the effect of a new stadium on the local economy, among many others.
Instructors considering this book for use in a course may request an examination copy here.
About the Author(s)
David George Surdam is an associate professor of economics at the University of Northern Iowa. He has published books on the economics of the American Civil War and Major League Baseball during the postwar era.
David George Surdam
Format: softcover (6 x 9)
Bibliographic Info: notes, bibliography, index
Copyright Date: 2010
Table of Contents
1. Why Economists Are Not Like Most People 7
2. Sports Numeracy 37
3. Game Theory Applied to Sports 57
4. Demand for Games and Profitability 83
5. Competitive Balance, Player Movement, and the Reserve Clause 109
6. Will Revenue Sharing Enhance Parity? 131
7. Why Professional Athletes Make Big Bucks 139
8. Discrimination in the World of Sports 152
9. Keeping Out the Riff-Raff 162
Chapter Notes 183
Book Reviews & Awards
“Uses professional team sports to help students, sportswriters and sports fans learn and understand economic principles”—Reference & Research Book News.