Sports Economics at Fifty
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.
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- 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..
- John Goddard & Peter J. Sloane, 2005. "Economics of sport," Chapters, in: Economics Uncut, chapter 12 Edward Elgar Publishing.
- 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.
- Walter C. Neale, 1964. "The Peculiar Economics of Professional Sports," The Quarterly Journal of Economics, Oxford University Press, vol. 78(1), pages 1-14.
- 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.
- H. M. Gitelman, 1968. "An Investment Theory of Wages," ILR Review, Cornell University, ILR School, vol. 21(3), pages 323-352, April.
- 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.
- Rodney Fort & James Quirk, 2004. "Owner Objectives and Competitive Balance," Journal of Sports Economics, The North American Association of Sports Economists, vol. 5(1), pages 20-32, February.
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