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Sportometrics (Hardcover, New)
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Sportometrics (Hardcover, New)
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Once studied by economists primarily to analyze antitrust
implications of leagues or labor contracts with players, the sports
world has now been identified by pathbreaking economists as a model
of universal economic behavior. These economists have coined the
term sportometrics to describe their two-way vision of sports as a
reflection of the economic world and as a model for further study
of economic behavior and principles. The essays are thus not merely
the economics of sport--the profits and losses of various players,
managers, owners, and spectators--but also explorations into the
economic and mathematical relationships between athletes' success
and their earnings, between the structure of high school athletic
competition and the players' later careers in professional sports,
and between the length of player contracts and the number of
players on the disabled list, to name a few. The authors see in
these relationships the individual and institutional behavior of
athletes, managers, coaches, and sports associations and connect
them to the broader arena of labor markets, commodity cartels,
crime, income distribution, individual productivity, and other
areas. Contracts, rules, and ability are constraints to the
economic players, and their economic behavior is analyzed in terms
of choices made within constraints. With these essays, economists
and industry specialists will be able to better understand both the
dynamics of sports as an industry and the economic behavior of
institutions and individuals in general.
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