IDEAS home Printed from https://ideas.repec.org/p/sip/dpaper/06-011.html
   My bibliography  Save this paper

Sports Economics at Fifty

Author

Listed:
  • Roger Noll

    () (Economics Department, Stanford University)

Abstract

In 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.

Suggested Citation

  • Roger Noll, 2006. "Sports Economics at Fifty," Discussion Papers 06-011, Stanford Institute for Economic Policy Research.
  • Handle: RePEc:sip:dpaper:06-011
    as

    Download full text from publisher

    File URL: http://www-siepr.stanford.edu/repec/sip/06-011.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Walter C. Neale, 1964. "The Peculiar Economics of Professional Sports," The Quarterly Journal of Economics, Oxford University Press, vol. 78(1), pages 1-14.
    2. 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.
    3. 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 1302-1319, Nov.-Dec..
    4. 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).
    5. John Goddard & Peter J. Sloane, 2005. "Economics of sport," Chapters,in: Economics Uncut, chapter 12 Edward Elgar Publishing.
    6. H. M. Gitelman, 1968. "An Investment Theory of Wages," ILR Review, Cornell University, ILR School, vol. 21(3), pages 323-352, April.
    7. 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 121-146, June.
    8. Rodney Fort & James Quirk, 2004. "Owner Objectives and Competitive Balance," Journal of Sports Economics, , vol. 5(1), pages 20-32, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    sports economics; antitrust laws; player markets;

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sip:dpaper:06-011. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anne Shor). General contact details of provider: http://edirc.repec.org/data/cestaus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.