Synopses & Reviews
This book surveys the economics of competitive sports focusing on twoareas--organization and competition, rewards and outcomes. Contributors present their essays covering rival league formation,the European model, hooliganism, talent, and career duration. Eleven chapters are divided into two parts: organization of sports andcompetition; competition: competitive balance, rewards and outcome. Chapters are: rival sports league formation and competition; thepyramid market of the European Sports Model; the English disease; where to play first (away or home) in a best-of-two tournament?;long-term and short-term causes of insolvency and English football; the optimal competitive balance in a sports league?; live footballdemand; sport talent, media value and equal prize policies in tennis; career duration in capital-intensive individualistic sports;determinants of national medals totals at the summer Olympic Games; economic prediction of sport performances from the Beijing Olympics to the 2010 FIFA World Cup in South Africa.Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
The essence of any sports contest is competition. The very unpredictability of a sporting outcome distinguishes it from, say, an opera performance. This volume presents a state of the art overview of the economics of competitive sport along two main themes. In the first part, the discussion centers on the organization of sports and competition. The second part deals with the competitive balance, rewards and outcomes of the actual contests.