Sports Economics at Fifty
AbstractIn 2006, sports economics celebrated its fiftieth birthday. This essay reviews Simon Rottenberg’s seminal 1956 article and a handful of articles appearing over the next fifteen years that established the conceptual foundation for the field. A common thread among these papers is that all were motivated by the same policy issue: whether professional sports leagues need exemption from antitrust laws (especially with regard to player markets) in order to operate efficiently. These papers undermined the case for antitrust exemptions, and were the sources of the arguments that brought free agency and competition to the markets for professional athletes around the world. Moreover, although these papers lacked serious empirical analysis and, with one exception, did not include formal theoretical models, in the subsequent thirty-five years most (but not all) of the original empirical and theoretical arguments still stand.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Stanford Institute for Economic Policy Research in its series Discussion Papers with number 06-011.
Date of creation: Nov 2006
Date of revision:
sports economics; antitrust laws; player markets;
Find related papers by JEL classification:
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Peter J. Sloane, 2006.
"Rottenberg and the Economics of Sport after 50 years: An Evaluation,"
IASE Conference Papers
0642, International Association of Sports Economists.
- Sloane, Peter J., 2006. "Rottenberg and the Economics of Sport after 50 Years: An Evaluation," IZA Discussion Papers 2175, Institute for the Study of Labor (IZA).
- Peter Sloane, 2006. "Rottenberg and the Economics of Sport after 50 years: An Evaluation," Working Papers 0608, International Association of Sports Economists & North American Association of Sports Economists.
- Allen R. Sanderson & John J. Siegfried, 2006. "Simon Rottenberg and Baseball, Then and Now: A Fiftieth Anniversary Retrospective," Journal of Political Economy, University of Chicago Press, vol. 114(3), pages 594-623, June.
- Sloane, Peter J, 1971. "The Economics of Professional Football: The Football Club as a Utility Maximiser," Scottish Journal of Political Economy, Scottish Economic Society, vol. 18(2), pages 121-46, June.
- H. M. Gitelman, 1968. "An investment theory of wages," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 21(3), pages 323-352, April.
- El-Hodiri, Mohamed & Quirk, James, 1971. "An Economic Model of a Professional Sports League," Journal of Political Economy, University of Chicago Press, vol. 79(6), pages 1302-19, Nov.-Dec..
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jackie Buttice) The email address of this maintainer does not seem to be valid anymore. Please ask Jackie Buttice to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.