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The Economics of Sports

In: Handbook of Production Economics

Author

Listed:
  • Joshua Congdon-Hohman

    (College of the Holy Cross)

  • Victor Matheson

    (College of the Holy Cross)

Abstract

Spectator sports present a unique area of study for economists both because of their global popularity and because they require a high level of cooperation among rival firms to produce the product. This chapter explores how leagues allocate labor among teams to maximize member revenues. It also examines whether individual teams try to maximize on-field success (in terms of wins) or on-field success (in terms of revenues or profits) and how expenditures on talent and sports infrastructure contribute to these goals.

Suggested Citation

  • Joshua Congdon-Hohman & Victor Matheson, 2022. "The Economics of Sports," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 42, pages 1629-1650, Springer.
    • Handle: RePEc:spr:sprchp:978-981-10-3455-8_43
    DOI: 10.1007/978-981-10-3455-8_43
    as

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