The Assessment: The Economics of Sport
The study of sports economics has expanded rapidly in recent years in response to significantly increased demand--for sport itself, for economic analysis relevant to commercial litigation in sport, for lively teaching material in schools and universities, and for research into the incentive properties of sporting contests. While much of the literature has focused on the issue of competitive balance and how to achieve it, there have still been relatively few studies that apply the lessons of the economic theory of contests to the analysis of sports. There remain huge opportunities both to develop our theoretical understanding of incentive mechanisms in sport and to conduct empirical research in the operation of incentives in sporting contests. Copyright 2003, Oxford University Press.
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