The Economics of Sports

Joshua Congdon-Hohman and Victor Matheson

Chapter 42 in Handbook of Production Economics, 2022, pp 1629-1650 from Springer

Abstract: Abstract Spectator sports present a unique area of study for economists both because of their global popularity and because they require a high level of cooperation among rival firms to produce the product. This chapter explores how leagues allocate labor among teams to maximize member revenues. It also examines whether individual teams try to maximize on-field success (in terms of wins) or on-field success (in terms of revenues or profits) and how expenditures on talent and sports infrastructure contribute to these goals.

Keywords: Sports; Marginal revenue product; Labor economics; Attendance; Stadiums (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-10-3455-8_43

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