Econometrics of Sport

The study of sports in the economy presents a rich arena for the application of sharply focused microeconomics, macroeconomics and econometrics to both team and individual outcomes. This highly unique book offers a survey of recent analyses that continues the tradition of empirical and theoretical analysis of the economics and econometrics of sports. Including contributions by many of the leading experts in the field, the authors address four central themes, namely: competitive balance, labour relations, attendance and demand, and the economic impact of sport in the community. A wide-range of topics are explored within these themes, including: the effect of the uncertainty of outcome on attendance players' labour markets, wages and team performance variations in fan loyalty between teams and through time the determinants of football match attendance. Case studies of Major League Baseball, the National Football League (NFL) and college athletics in the US, the English premier league, the Spanish football league and other (major and minor) European football leagues underpin the discussion. This important book will prove to be a fascinating and stimulating read for academics, researchers and students interested in the econometric analysis of sport.