Economics at your fingertips  

Superstars in the National Basketball Association: Economic Value and Policy

Jerry Hausman and Gregory K Leonard

Journal of Labor Economics, 1997, vol. 15, issue 4, 586-624

Abstract: An econometric analysis demonstrates that television ratings for NBA games are substantially higher when certain players ('superstars') are involved. Thus, these superstars are quite important for generating revenue, not only for their own teams but for other teams as well. Using the econometric analysis and additional information on attendance and paraphernalia sales, the authors estimate the value of Michael Jordan to the other NBA teams to be approximately $53 million. The positive externality superstars have on other teams can lead to an inefficient distribution of player talent. The authors examine several league policies that might be used to address the externality. Copyright 1997 by University of Chicago Press.

Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (59) Track citations by RSS feed

Downloads: (external link) full text (application/pdf)
Access to full text is restricted to subscribers. See for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Journal of Labor Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

Page updated 2019-12-13
Handle: RePEc:ucp:jlabec:v:15:y:1997:i:4:p:586-624