Description

Features

• A unique framework introduces the essentials of economics in three sections illustrating key areas—industrial organization, public finance, and labor economics. The final section covers theories related to the not-for-profit sector such as the theory of bureaucracy.
• The text is accessible to both majors and non-majors, and only a principles background is required.
• Examples, along with end-of-chapter problems and discussion questions, keep students interested and engaged in the reading.
• The impact of "mega-events" like the Olympics, Super Bowl, and World Cup, on local and national economies is covered throughout.
• International examples are incorporated throughout to expand students’ knowledge of sports economics on a global scale.
• Biographical sketches of highly influential people in the economics of sports are included in each chapter to help students appreciate the formative roles they played in defining teams and leagues.
• Intermediate-level and advanced topics are covered in appendixes for courses taught at a higher level.

New To This Edition

• Substantial expansion of international sports (and general sports beyond the "big four") appears throughout the text, including discussions of:
• European soccer leagues in Chapters 3 and 4
• Competitive balance in international sports in Chapter 5
• Tennis "unions" ATP and WTA in Chapter 9
• "Nativist" policies by European soccer leagues in Chapter 10
• Chapters 6 and 7 have been updated to reflect the declining impact of new sports facilities on attendance as well as recent work on the "hidden subsidies" that many facilities receive.
• Sabermetrics—the analysis of baseball through objective evidence and statistics—is included in Chapter 8 to account for recent research in sports teams. Chapter 8 also includes treatment of the steroid scandal.
• Chapter 9 includes a discussion of current agreements in league sports and other topical updates.
• Chapter 10 has been completely rewritten to account for the dramatic changes in the balance of power between unions and sports leagues.

Table of Contents

I. INTRODUCTION AND REVIEW OF ECONOMIC CONCEPTS
1. Introduction
2. Review of the Economist's Arsenal

II. THE INDUSTRIAL ORGANIZATION OF SPORTS
3. Sports Franchises as Profit-Maximizing Firms
4. Monopoly and Antitrust
5. Competitive Balance

III. THE PUBLIC FINANCE OF SPORTS
6. The Public Finance of Sports: The Market for Sports Franchises
7. The Costs and Benefits of a Franchise to a City

IV. THE LABOR ECONOMICS OF SPORTS
8. An Introduction to Labor Markets in Professional Sports
9. Labor Unions and Labor Relations
10. Discrimination
11. The Economics of Amateurism and College Sports

Next Edition(s)

• Economics of Sports, The, 4/E
  Leeds & von Allmen
  ©2011  |  Prentice Hall  |  Cloth; 456 pp  |  Instock
  ISBN-10: 0138009295  |  ISBN-13: 9780138009298
  Suggested retail price: $210.00  Buy from myPearsonStoreNet price: $157.50  (What's this?)Brief Description  | 

  

  For undergraduate courses in sports economics.
  
  Core economic concepts developed through examples from the sports industry.
  
  The sports industry provides a seemingly endless set of examples from every area of microeconomics, giving students the opportunity to study economics in a context that holds their interest. The Economics of Sports explores economic concepts and theory—industrial organization, public finance, and labor economics—in the context of applications and examples from American and international sports.
  
  The fourth edition includes many of the recent events in the sports industry and broader economy.
  
  

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Author Bios

While trained as a labor economist, Michael Leeds is best known for his teaching and research in sports economics. His research has appeared in such journals as The Journal of Urban Economics, Economic Inquiry, and The Journal of Sports Economics. A recent paper co-authored with Jonathan Scott and William Dunkelberg on the search for lenders won a “best paper” award at the 2004 Meetings of the Eastern Finance Association. Along with Peter von Allmen (a Temple Ph.D.), he is coauthor of the The Economics of Sports and a forthcoming principles of economics textbook. His recent research includes work on the impact of major college football on Title IX compliance and on the economic value of naming rights purchases. Since 1994 he has been Director of the Honors Program in the Fox School of Business.

Peter von Allmen is a Professor of Economics and Business at Moravian College.  He received his B.A. from the College of Wooster and his Ph.D. from Temple University. Dr. von Allmen teaches courses in microeconomic theory, labor economics, industrial organization, the economics of sports, and the economics of health & health care. He has published in the areas of family labor supply, compensation schemes in professional sports, and post-secondary pedagogy. He is the co-author of The Economics of Sports. A second text is forthcoming. In addition, he has served as a consultant in the pharmaceutical industry.

Companion Website for The Economics of Sports, 3/E
Leeds & von Allmen
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321491017  |  ISBN-13: 9780321491015
This online resource is available at no cost at http://www.aw-bc.com/leeds_vonallmen.
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Online Instructor's Manual for The Economics of Sports, 3/E
Leeds & von Allmen
©2008  |  Prentice Hall  |  On-line Supplement; 200 pp  |  Live
ISBN-10: 0321460812  |  ISBN-13: 9780321460813

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PowerPoint Slides for The Economics of Sports, 3/E
Leeds & von Allmen
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321512774  |  ISBN-13: 9780321512772

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Companion Website for The Economics of Sports, 3/E
Leeds & von Allmen
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321491017  |  ISBN-13: 9780321491015
This online resource is available at no cost at http://www.aw-bc.com/leeds_vonallmen.
More Info

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Companion Website for The Economics of Sports, 3/E
Leeds & von Allmen
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321491017  |  ISBN-13: 9780321491015
This online resource is available at no cost at http://www.aw-bc.com/leeds_vonallmen.
More Info

Companion Website for The Economics of Sports, 3/E
Leeds & von Allmen
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321491017  |  ISBN-13: 9780321491015
This online resource is available at no cost at http://www.aw-bc.com/leeds_vonallmen.
More Info

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