This comprehensive Handbook provides a survey of all the major research areas in sports economics written by almost all of the active researchers in this field. It offers not only an accessible insight into the major findings of the literature but also presents some of the world's principal researchers' views on the unanswered questions that face us today. Issues covered include: * sport in the economy * the demand for sport * cost-benefit analysis of sport * sporting governance and the state * individualistic sports * team sports * dysfunctions in sport including discrimination, doping and corruption. It is an indispensable guide to one of the most lively and rapidly evolving fields of economics.

Andreff and his contributors bring a strong dose of reality to the economic modelling of sports leagues. Disequilibrium Sports Economics provides an intellectually compelling opening and a theoretically necessary antidote to the study of sports economics.' - Andrew Zimbalist, Smith College, US'This is an interesting book worth reading for every sports economist because it introduces a thought provoking approach to the growing field of sports economics. The authors show how disequilibrium economics may improve our understanding of puzzling economic phenomena in sports. I congratulate the editor and the contributors for this new book and the novel perspectives provided therein!' - Helmut M. Dietl, University of Zurich, Switzerland 'I felt great intellectual excitement after getting acquainted with this volume. The high quality papers by Wladimir Andreff and his co-authors are more significant than the topic indicated modestly by the title; they may not only urge economists of sport to reconsider their earlier theories, but may also provide inspiration and a new momentum to the wide research program on disequilibrium and the soft budget constraint.' - Janos Kornai, Harvard University, US and Corvinus University of Budapest, Hungary 'This book sounds like a theoretical breakthrough towards a new approach in sports economics that generates important insights into the issue of financial fair play in football.' - Andrea Traverso, Head of Club Licensing and Financial Fair Play, UEFA 'This path-breaking volume contains novel analysis of problems of critical importance to sports clubs, leagues, fans and academics interested in sports.' - Robert Simmons, Lancaster University Management School, UK For decades, sports economics has been set within the framework of equilibrium economics, in particular when modelling team sport leagues. Based on a conviction that this does not reflect real life, this book addresses a gap in the literature and opens up a new research area by applying concepts drawn from disequilibrium economics. It is divided into two parts, the first of which focuses on economic disequilibrium in sports markets and competitive imbalance in sporting contests. The second part concentrates on soft budget constraints and their consequences for club governance and management. This pioneering book is the first to tackle non-mainstream economics in sport and offers a first approach to disequilibrium sports economics. Providing a new metric of competitive balance and opening up new avenues of future research, this is essential reading for economists and those researching sport across many disciplines. Contributors: W. Andreff, E. Franck, J.-P. Gayant, N. Le Pape, R.D. Macdonald, K. Nielsen, R.K. Storm, G.N. Tuck, D. van Reeth, A.R. Whitten

'Written by some of the most prominent scholars in sports economics, this book focuses on issues that have been less investigated in the traditional literature so far. The covered topics range from specific questions of sport governance and sport finance to sport betting. In my view, the collection is a 'must' for all readers seeking to overstep the beaten track.' - Egon Franck, University of Zurich, SwitzerlandThe development of sports economics has exploded in recent years, and this well-researched and relevant book explores some of the most critical themes. Contemporary Issues in Sports Economics examines topics that have previously received little attention in the literature, such as the determinants and social impacts of sports participation including the link to crime levels. The distinguished authors also discuss some of the less investigated aspects of professional team sports, including: * sports betting, financing and governance * the impact of low scoring matches on competitive balance and fan appeal in European football * the effect on player transfers of a luxury tax on club payrolls in Major League Baseball. This invaluable book will appeal to graduate and postgraduate students in sports economics, sport management and sport sciences, as well as managers and coaches involved with clubs, leagues and federations. Sports participants, fans, bookmakers and bettors will also find much to interest them in this unique and insightful study. Contributors: W. Andreff, M. Breuer, R. Caruso, F. Daumann, P. Dawson, P. Downward, J. Garcia, J.G. Maxcy, L. Perez, G. Raballand, P. Rodriguez, S. Szymanski

This book is written in honor of Horst Brezinski and explores a wide and diverse range of topics related to comparative economic studies. Containing contributions from a number of former Presidents of the European Association for Comparative Economic Studies, the chapters discuss the hard budget constraint, economic transformation in Central Eastern Europe, illiberal democracy, sovereign wealth fund, higher education, the euro, the shadow economy, multinational companies, and economic power. Additional attention is given to new areas of study such as the digital economy and sports economics. This book aims to examine comparative economies across a wide range of geographical areas including China, Hungary, the United Kingdom, Poland, and the United States and will be relevant to those interested in emerging and transition economies, the political economy, economic policy, and international relations.

This book is written in honor of Horst Brezinski and explores a wide and diverse range of topics related to comparative economic studies. Containing contributions from a number of former Presidents of the European Association for Comparative Economic Studies, the chapters discuss the hard budget constraint, economic transformation in Central Eastern Europe, illiberal democracy, sovereign wealth fund, higher education, the euro, the shadow economy, multinational companies, and economic power. Additional attention is given to new areas of study such as the digital economy and sports economics. This book aims to examine comparative economies across a wide range of geographical areas including China, Hungary, the United Kingdom, Poland, and the United States and will be relevant to those interested in emerging and transition economies, the political economy, economic policy, and international relations.

Privatisation and Structural Change in Transition Economies brings together specialists from different areas (governance, regulation, macro-econometrics, micro-econometrics, enterprise culture, foreign direct investment, technology transfer) to focus on the many different aspects of the privatization process in transition economies. The book does not dwell on the administrative or procedural aspects of privatisation. Instead it attempts to understand the bigger picture in terms of underlying policy environment and supporting legal and economic measures which helped to a large extent to determine the eventual success or failure of privatization programmes.

This book brings together specialists from different areas (governance, regulation, macro-econometrics, micro-econometrics, enterprise culture, foreign direct investment, technology transfer) to focus on the many different aspects of the privatization process in transition economies. The book does not dwell on the administrative or procedural aspects of privatization. Instead it attempts to understand the bigger picture in terms of underlying policy environment and supporting legal and economic measures which helped to a large extent to determine the eventual success or failure of privatization programs.

This comprehensive Handbook provides a survey of all the major research areas in sports economics written by almost all of the active researchers in this field. It offers not only an accessible insight into the major findings of the literature but also presents some of the world's principal researchers' views on the unanswered questions that face us today. Issues covered include: * sport in the economy * the demand for sport * cost-benefit analysis of sport * sporting governance and the state * individualistic sports * team sports * dysfunctions in sport including discrimination, doping and corruption. It is an indispensable guide to one of the most lively and rapidly evolving fields of economics.

This Palgrave Pivot provides a comprehensive overview of economic aspects to criminal behaviour in sport. It addresses manipulations, dysfunctions, distortions and crimes triggered by economic interests or pure greed in sports, and challenges the governance of this important industry. Topics covered include hazing, sabotage, refereeing bias, technological manipulations, tanking, bad management, financial doping, ticket touting, circumventing the law through sport, discrimination and child labour. The book is divided into three volumes. Volume I covers those economic manipulations that breach sports rules, sporting integrity, violate managerial rules and the law, and infringe human rights in sport. It builds up a typology of sport manipulations which makes sense from an economic standpoint, not only from a sporting or judicial perspective. Volumes II and III (available separately) focus on Corruption and Economic Crime in Sport, respectively. This book will be of interest to students, researchers and journalists in sports science, sports management and sports economics.

This Palgrave Pivot forms the final part of Andreff's trilogy reviewing the economic aspects of criminal behaviour in sports. In this volume, Andreff focuses on the most economically significant manipulations jeopardising the future of current, modern, sport: rigged online sport betting and doping. The former is framed as a new business undertaken by global criminal networks linked to economic globalisation, whilst the latter discusses empirical evidence, definitions, regulations and various regional and sporting case studies. Andreff summarises by using game theory to propose a new incentive scheme that could act as a solution for addressing such criminal activity in future. Volumes I and II (available separately) address Sport Manipulations and Corruption in Sport respectively. This book will be of interest to students, researchers and journalists in sports science, sports management and sports economics.

This Palgrave Pivot surveys facts and cases exhibiting and exemplifying corruption in sport. The standard economic theory (economics of crime, game theory) is introduced alongside the economic methods (sanctions, etc.) which are currently derived from it to combat corrupt sport and their limitations. The complexity and multidimensional nature of sports corruption are examined, and a focus is applied to certain types of corruption that are unique to the sports industry. Corruption is revealed to be the outcome of weak and deficient governance structures. The book is divided into three volumes. Volume II presents a variety of corruption facts in different sports, in different countries and continents in order to exhibit how much corrupt sport is globalised. Some changes in governance are suggested that may pave the way to more effective combat against corruption in sports. Volumes I and III (available separately) address Sport Manipulations and Economic Crime in Sport, respectively. This book will be of interest to students, researchers and journalists in sports science, sports management and sports economics.

In this open access book the cost and revenue overruns of Olympic Games from Sydney 2000 to PyeongChang 2018 from eight years before the Games to Games-time are investigated to provide a base for future host cities. The authors evaluated the development of expenditure and revenues of the organizing committees to operate the event, and the investment of taxpayers' money for Olympic venues (non-OCOG budget). The study is based on data collected worldwide and is currently the most advanced study on cost and revenue changes of Olympic Games.

In this authoritative collection, Professor Andreff presents the most significant articles published over the last decade or so by leading scholars in the field of sports economics. The volumes cover a wide spectrum of approaches to the subject. Some articles delve more deeply into existing issues such as the economic impact of professional sport, sports events and sports facilities. Some extend sports economics into new areas such as the measurement of the overall US sports economy, the economic underdevelopment of sports in developing countries and the global trade in sports goods. Others offer a synthetic view of important recent developments in the field, including the demand for sport, facility finance, the economics of promotion and relegation in sports leagues and competitive balance. Professor Andreff has written a comprehensive new introduction which gives a thorough overview of this topical subject.