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Title Details:
The economics of professional sport
Other Titles: Financial analysis of professional sports teams and leagues
Authors: Vlassis, Minas
Reviewer: Kyrikos, Dimitrios
Subject: LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > INDUSTRIAL ORGANIZATION
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MICROECONOMICS
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > LABOUR AND DEMOGRAPHIC ECONOMICS
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS; MARKETING; ACCOUNTING
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > OTHER SPECIAL TOPICS
Keywords:
Professional sports clubs
Professional sports leagues
Team sports
Description:
Abstract:
This book is intended for undergraduate (mainly) students of Economics, but also for postgraduate students of Business Administration. The aim of the book is to help readers understand the methodology and analytical tools used in professional sports economics, with an emphasis on the functioning of businesses/clubs and markets/leagues in team sports (soccer, basketball, etc.). The most important economic characteristics that give this industry its unique character and lead to the need for specialisation in the subject are: Firstly, in contrast to other economic activities, more than one production process carried out by different companies/clubs is necessary in order to offer a (sports) product. Secondly, if the efficiency of the production processes of the companies/associations is significantly lower, then the product (championship) becomes less attractive. These characteristics in turn raise specific theoretical questions/problems to be resolved and lead to the need for different interventions/regulations in these markets compared to other (conventional) markets.
Linguistic Editors: Kioseoglou, Nerina
Graphic Editors: Loukeri, Sofia
Type: Undergraduate textbook
Creation Date: 2015
Item Details:
ISBN 978-960-603-035-2
License: http://creativecommons.org/licenses/by-nc-nd/3.0/gr
DOI http://dx.doi.org/10.57713/kallipos-1030
Handle http://hdl.handle.net/11419/711
Bibliographic Reference: Vlassis, M. (2015). The economics of professional sport [Undergraduate textbook]. Kallipos, Open Academic Editions. https://dx.doi.org/10.57713/kallipos-1030
Language: Greek
Consists of:
1. Economic Units in Professional Sports
2. Sporting Talent, Sports Product and Pricing Policies
3. Optimal Utilization of Athletic Talent in Profit-Maximizing Leagues
4. Optimal Utilization of Athletic Talent in Victory-Maximizing Leagues
5. Optimal Utilization of Athletic Talent in Leagues Maximizing a Combination of Wins and Profits
6. Athletic Talent and Pricing Policy
7. Strategic Interdependence and Nash Equilibrium in the Athletic Talent Market – in Leagues Maximizing Profits
8. Nash Equilibrium in the Athletic Talent Market – in Leagues Maximizing a Combination of Wins and Profits
9. Labor Market and Athletic Talent Market (1)
10. Labor Market and Athletic Talent Market (2)
11. International and Emerging Leagues
12. Television Market and Participatory Revenue Management
Number of pages 193
Publication Origin: Kallipos, Open Academic Editions
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