An Economic Model of a Professional Sports League
Bibliographic Data
| ID | 10177477 |
|---|---|
| Authors | Mohamed El‐Hodiri (0000-0003-1207-5539, University of Kansas), Mohamed El-Hodiri, James Quirk, J P Quirk (University of Kansas) |
| Year | 1971 |
| Volume | 79 |
| Issue | 6 |
| Pages | 1302-1319 |
| Publication date | 1971-11-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/259837 |
| OpenAlex | W2091500591 |
| Language | EN |
| Citations received | 30 |
| References cited | 1 |
This paper investigates the economic structure of professional sports to determine the extent to which the current operating rules justify exemption of professional sports leagues from some aspects of antitrust statutes. We construct a formal decision-making model incorporating certain fundamental features of the industry. Within the context of the model we find that, under current rules of operation, equalization of playing strengths is generally not consistent with profit maximization by teams. However, we suggest a rule that guarantees convergence to a path of equal playing strengths under decentralized control of teams. As an example we study baseball leagues. Some refinements of the model are introduced, for example, incorporating time lags and training costs that result when teams train their own players
Business · Construct (python library · Context (archaeology · Economics · League · Maximization · Microeconomics · Operations research · Political science · Profit (economics · Profit maximization · Statute · Unification · Computer Science · Engineering · Gambling Behavior and Treatments · Law · Sports Analytics and Performance · Sports, Gender, and Society
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| Unique citing works | 30 |
|---|---|
| Citations per year | 0,64 |
| Citation span | 1979 - 2024 (46) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 29 |