Quirk, James P. and El-Hodiri, Mohamed M. (1974) The economic theory of a professional sports league. In: Government and the Sports Business: Papers Prepared for a Conference of Experts, with an Introduction and Summary. Studies in the Regulation of Economic Activity. No.8. Brookings Institution , Washington DC, pp. 33-80. ISBN 0815761066. https://resolver.caltech.edu/CaltechAUTHORS:20171207-155835246
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Abstract
This chapter applies economic theory to the analysis of the business operations of a professional sports league. Special emphasis is given to the implications of the player reservation system-the rules structure for the distribution of playing strengths among the teams in a league-since partisans of professional sports claim that this system is essential to the goal of "equalizing competitive playing strengths" among teams.
| Item Type: | Book Section | ||||
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| Alternate Title: | On the Economic Theory of Professional Sports League | ||||
| Additional Information: | © 1974 by the Brookings Institution. The results presented here are extensions of those reported in an earlier paper, Mohamed El Hodiri and James Quirk, "An Economic Model of a Professional Sports," Journal of Political Economy, Vol. 79 (November-December 1971), pp. 1302-19, which in turn was stimulated by the pioneering work of Simon Rottenberg (see "The Baseball Players' Labor Market," ibid., Vol. 64 [June 1956], pp. 242-58). Formerly Social Science Working Paper 1. Entitled "On the Economic Theory of Professional Sports League" in SSWP. | ||||
| Group: | Social Science Working Papers | ||||
| Other Numbering System: |
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| Series Name: | Studies in the Regulation of Economic Activity | ||||
| Issue or Number: | 8 | ||||
| Record Number: | CaltechAUTHORS:20171207-155835246 | ||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20171207-155835246 | ||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | ||||
| ID Code: | 83745 | ||||
| Collection: | CaltechAUTHORS | ||||
| Deposited By: | Jacquelyn Bussone | ||||
| Deposited On: | 21 Dec 2017 18:36 | ||||
| Last Modified: | 03 Oct 2019 19:10 |
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