The
Oxford Handbook of Sports Economics: Economics Through Sports
Shmanske and Kahane have brought together nearly all of the important authors in the
quickly growing field of Sports Economics to contribute chapters to this two-volume set.
All of the authors are writing about subjects that they love and subjects that they have
devoted years of study to. The result is truly informative in its content and path
breaking in its importance to the field. Anyone contemplating research in the field of
sports economics will find the works in these volumes to provide both ample background in
subject after subject and numerous suggestions for future avenues of research.
The editors have recognized two ways that
economics and sports interact. First, economic analysis has helped everyone understand
many of the peculiar institutions in sports. And second, quality data about individual
productivity, salaries, career histories, teamwork, and managerial behavior has helped
economists study topics as varied as the economics of discrimination, salary dispersion,
and antitrust policy. These two themes of economics helping sports and sports helping
economics provide the organizational structure to the two-volume set.
The reader will find that sports economists employ
or comment on practically every field in economics. Labor Economics comes into play in the
areas of salary formation, salary dispersion, and discrimination. Baseball's history and
the NCAA are studied with Industrial Organization and Antitrust. Public Finance and
Contingent Value Modeling come into play in the study of stadium finance and franchise
location. The Efficient Market Hypothesis is examined with data from gambling markets.
Macroeconomic effects are studied with data from mega events like the Super Bowl, The
World Cup, and the Olympics. The limits of Econometrics are pushed and illustrated with
superb data in many of the papers herein. Topics in Applied microeconomics like demand
estimation and price discrimination are also covered in several of the included papers.
Game Theory, measurement of production functions, and measurement of managerial efficiency
all come into play. Talented authors in each of these fields have made contributions to
these volumes.
The volumes are also rich from the point of view of
the sports fan. Every major team sport is covered, and many interesting comparisons can be
made especially between the North American League organization and the European-style
promotion and relegation leagues. Golf, NASCAR, College athletics, Women's sports, the
Olympics, and even bowling are represented in these pages. There is literally something
for everyone.
Table of Contents
Volume 2: Economics Through Sports
Part One: The Economics of Discrimination
1. Prejudice and Progress in Baseball: Lessons on
the Economics of Race and Discrimination by Stephen J.K. Walters
2. The Economics of Discrimination: Evidence from Basketball by Lawrence M. Kahn
3. Gender and Discrimination in Professional Golf by Stephen Shmanske
4. The Economics of Discrimination: Evidence from Hockey by Neil Longley
Part Two: Illustrations of Production
Theory
5. The Production Technology of Major League
Baseball by Anthony C. Krautmann
6. Measuring Performance in the National Basketball Association by David J. Berri
7. Frontier Models and Their Application to the Sports Industry by Young Hoon Lee
8. Age and Performance Under Pressure: Golfers on the LPGA Tour by Harold O. Fried and
Loren W. Tauer
9. Salary Dispersion and Team Production: Evidence from the National Hockey League by Leo
H. Kahane
Part Three: Illustrations of Econometric
Methods
10. Travel and Population Issues in Modeling
Attendance Demand by David Forrest
11. Demand, Attendance and Censoring: Utilization Rates in the National Football League by
Martin B. Schmidt
12. Demand for Attendance--Price Measurement by Richard C. K. Burdekin
Part Four: Illustrations of Industrial
Organization
13. Major League Baseball Is Just Like McDonald's?
Lessons from Unrecognized Rival Leagues by Rodney Fort
14. The Market Structure of Professional Sports and the Implications for Stadium
Construction and Team Movements by Robert A. Baade
15. Location, Location, Location? Sports Franchise Placement in the Four Major U.S.
Sports Leagues by Karl W. Einolf
Part Five: Illustrations of Finance
16. Event Analysis by Eva Marikova Leeds and Michael A. Leeds
17. Behavioral Biases and Sportsbook Pricing in Major League Baseball by Rodney J. Paul
and Andrew P. Weinbach
Part Six: Illustrations of Public Finance
18. Multiplier Effects and Local Economic Impact by
Peter von Allmen
19. Contingent Valuation of Sports by Bruce K. Johnson and John C. Whitehead
Part Seven: Miscellany
20. The Economics of Crime Reconsidered: A Game
Theoretic Approach with an Empirical Test from Major League Baseball by Joseph P.
McGarrity
21. Illustrations of Price Discrimination in Baseball by Daniel A. Rascher and Andrew D.
Schwarz
22. Contest Theory and its Applications in Sports by Helmut Dietl, Egon Franck, Martin
Grossmann and Markus Lang
23. Tournament Incentives in Professional Bowling by Michael L. Bognanno
480 pages, Hardcover