The Unique Economic Aspects of Sports

50 Pages Posted: 23 Jul 2019

See all articles by Daniel A. Rascher

Daniel A. Rascher

University of San Francisco - Sport Management Program; SportsEconomics; OSKR, LLC

Joel Maxcy

Independent

Andrew D. Schwarz

OSKR, LLC

Date Written: January 5, 2019

Abstract

Economists have long known the sports industry is unique. However, the rest of the Sport Management community may not fully appreciate the breadth of topics economists have identified as being “peculiar” to sports, nor “origin story” of the economic debate over how the uniqueness of sports should be assessed for policy decisions. Nonetheless, it is recognized that sports economics plays a critical role in sport management. This paper aims to provide an overview of the economics considered unique to sports and the history of the debate as to what to do about that uniqueness, as well as to reassess, where necessary, whether the economics really are all that unique after all.

Keywords: Invariance principle, competitive balance, Coase Theorem, monopoly, sportsmen owner effect

JEL Classification: Z2

Suggested Citation

Rascher, Daniel A. and Maxcy, Joel and Schwarz, Andrew D., The Unique Economic Aspects of Sports (January 5, 2019). Available at SSRN: https://ssrn.com/abstract=3421644 or http://dx.doi.org/10.2139/ssrn.3421644

Daniel A. Rascher (Contact Author)

University of San Francisco - Sport Management Program ( email )

San Francisco, CA 94117
United States

SportsEconomics ( email )

2200 Powell St.
Emeryville, CA 94608
United States

OSKR, LLC ( email )

6425 Christie Avenue
Suite 230
Emeryville, CA 94608
United States

Joel Maxcy

Independent

Andrew D. Schwarz

OSKR, LLC ( email )

2200 Powell Street
Suite 430
Emeryville, CA 94608
United States

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