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Shmanske and Kahane have brought together nearly all of the
important authors in the quickly growing field of Sports Economics
to contribute chapters to this two-volume set. All of the authors
are writing about subjects that they love and subjects that they
have devoted years of study to. The result is truly informative in
its content and path breaking in its importance to the field.
Anyone contemplating research in the field of sports economics will
find the works in these volumes to provide both ample background in
subject after subject and numerous suggestions for future avenues
of research.
The editors have recognized two ways that economics and sports
interact. First, economic analysis has helped everyone understand
many of the peculiar institutions in sports. And second, quality
data about individual productivity, salaries, career histories,
teamwork, and managerial behavior has helped economists study
topics as varied as the economics of discrimination, salary
dispersion, and antitrust policy. These two themes of economics
helping sports and sports helping economics provide the
organizational structure to the two-volume set.
The reader will find that sports economists employ or comment on
practically every field in economics. Labor Economics comes into
play in the areas of salary formation, salary dispersion, and
discrimination. Baseball's history and the NCAA are studied with
Industrial Organization and Antitrust. Public Finance and
Contingent Value Modeling come into play in the study of stadium
finance and franchise location. The Efficient Market Hypothesis is
examined with data from gambling markets. Macroeconomic effects are
studied with data from mega events like the Super Bowl, The World
Cup, and the Olympics. The limits of Econometrics are pushed and
illustrated with superb data in many of the papers herein. Topics
in Applied microeconomics like demand estimation and price
discrimination are also covered in several of the included papers.
Game Theory, measurement of production functions, and measurement
of managerial efficiency all come into play. Talented authors in
each of these fields have made contributions to these volumes.
The volumes are also rich from the point of view of the sports fan.
Every major team sport is covered, and many interesting comparisons
can be made especially between the North American League
organization and the European-style promotion and relegation
leagues. Golf, NASCAR, College athletics, Women's sports, the
Olympics, and even bowling are represented in these pages. There is
literally something for everyone.
Stephen Shmanske and Leo Kahane have brought together nearly all of
the important authors in the quickly growing field of Sports
Economics to contribute chapters to this two-volume set. The result
is truly informative in its content and path breaking in its
importance to the field. Anyone contemplating research in the field
of sports economics will find the works in these volumes to provide
both ample background in subject after subject and numerous
suggestions for future avenues of research.
The editors have recognized two ways that economics and sports
interact. First, economic analysis has helped everyone understand
many of the peculiar institutions in sports. And second, quality
data about individual productivity, salaries, career histories,
teamwork, and managerial behavior has helped economists study
topics as varied as the economics of discrimination, salary
dispersion, and antitrust policy. These two themes of economics
helping sports and sports helping economics provide the
organizational structure to the two-volume set.
The reader will find that sports economists employ or comment on
practically every field in economics. Labor Economics comes into
play in the areas of salary formation, salary dispersion, and
discrimination. Baseball's history and the NCAA are studied with
Industrial Organization and Antitrust. Public Finance and
Contingent Value Modeling come into play in the study of stadium
finance and franchise location. The Efficient Market Hypothesis is
examined with data from gambling markets. Macroeconomic effects are
studied with data from mega events like the Super Bowl, The World
Cup, and the Olympics. The limits of Econometrics are pushed and
illustrated with superb data in many of the papers herein. Topics
in Applied microeconomics like demand estimation and price
discrimination are also covered in several of the included papers.
Game Theory, measurement of production functions, and measurement
of managerial efficiency all come into play. Talented authors in
each of these fields have made contributions to these volumes.
The volumes are also rich from the point of view of the sports fan.
Every major team sport is covered, and many interesting comparisons
can be made especially between the North American League
organization and the European-style promotion and relegation
leagues. Golf, NASCAR, College athletics, Women's sports, the
Olympics, and even bowling are represented in these pages. There is
literally something for everyone.
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