Playbooks and Checkbooks (eBook)

An Introduction to the Economics of Modern Sports

Stefan Szymanski (Autor)

eBook Download: PDF | EPUB

2009
Princeton University Press (Verlag)
978-1-4008-3000-8 (ISBN)

Infos

Stefan Szymanski is professor of economics and the MBA Dean at the Cass Business School, City University London. He is the coauthor of Fans of the World, Unite: A (Capitalist) Manifesto for Sports Consumers; National Pastime: How Americans Play Baseball and the Rest of the World Plays Soccer; and Winners and Losers: The Business Strategy of Football.

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What economic rules govern sports? How does the sports business differ from other businesses? Playbooks and Checkbooks takes a fascinating step-by-step look at the fundamental economic relationships shaping modern sports. Focusing on the ways that the sports business does and does not overlap with economics, the book uncovers the core paradox at the heart of the sports industry. Unlike other businesses, the sports industry would not survive if competitors obliterated each other to extinction, financially or otherwise--without rivals there is nothing to sell. Playbooks and Checkbooks examines how this unique economic truth plays out in the sports world, both on and off the field. Noted economist Stefan Szymanski explains how modern sporting contests have evolved; how sports competitions are organized; and how economics has guided antitrust, monopoly, and cartel issues in the sporting world. Szymanski considers the motivation provided by prize money, uncovers discrepancies in players' salaries, and shows why the incentive structure for professional athletes encourages them to cheat through performance-enhancing drugs and match fixing. He also explores how changes in media broadcasting allow owners and athletes to play to a global audience, and why governments continue to publicly fund sporting events such as the Olympics, despite almost certain financial loss. Using economic tools to reveal the complex arrangements of an industry, Playbooks and Checkbooks illuminates the world of sports through economics, and the world of economics through sports.

Produkt-Details

• Erscheint lt. Verlag: 16.3.2009
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Sport
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Wirtschaftsinformatik
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Alternative Investment • arbitration • Arthur Andersen • Attendance • Auction • Bargaining Power • behalf • bert bell • Bidding Ring • blackmail • bribery • Business Class • Business Ethics • Calculation • Capitalism • cartel • collusion • Commercialism • Competition • Competition (economics) • Competition Law • corporation • Corruption • Cross subsidization • Cultural Imperialism • Customer • Drawback • earning potential • economic interventionism • economic problem • Economic Rent • Economics • economic surplus • embezzlement • Employment • Enron • espn • Expense • fixing • Fraud • Freakonomics • Gate receipts • Getty Oil • Incentive Compatibility • income • Inflation • insurance • Internal Financing • jingoism • John Maynard Keynes • Keynesian Economics • lamar hunt • liquidity trap • Luxury box • Marginal cost • market forces • Market power • Milton Friedman • Money illusion • Monopolization • Monopoly profit • Monopsony • Nash Equilibrium • National Collegiate Athletic Association • Nobel prize • opportunity cost • Payment • perfect competition • Post-war consensus • Price Discrimination • Price Fixing • Price gouging • Prize money • protectionism • Public Company Accounting Oversight Board • Public Expenditure • purchasing power • result • salary • Sarbanes–Oxley Act • Sherman Antitrust Act • shortage • Signing bonus • Steven Levitt • Subsidy • supermajority • Supply (economics) • Tax • Technology • The Political Process • The Problem of Social Cost • Tight Monetary Policy • Uncertainty • underemployment • Union League • United States antitrust law • vertical integration • vince lombardi • World Football League • Yarborough
• ISBN-10: 1-4008-3000-1 / 1400830001
• ISBN-13: 978-1-4008-3000-8 / 9781400830008