The Run to the Pennant: A Multiple Equilibria Approach to Professional Sports Leagues - Couverture souple
Synopsis
This book employs sound empirical work using time-series methods not commonly used in the economics of sports. It develops new models that can generate multiple equilibria and unsustainable runs.
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The Run to the Pennant: A Multiple Equilibria Approach to Professional Sports Leagues (Sports Economics, Management and Policy, 6)
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Run to the Pennant : A Multiple Equilibria Approach to Professional Sports Leagues
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The Run to the Pennant: A Multiple Equilibria Approach to Professional Sports Leagues (Sports Economics, Management and Policy, 6)
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Run to the Pennant : A Multiple Equilibria Approach to Professional Sports Leagues
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The Run to the Pennant
Edité par
SPRINGER NATURE Okt 2016, 2016
ISBN 10 : 1493952978
ISBN 13 : 9781493952977
Neuf
Taschenbuch
Vendeur : BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Allemagne
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Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -A number of clubs in professional sports leagues exhibit winning streaks over a number of consecutive seasons that do not conform to the standard economic model of a professional sports league developed by El Hodiri and Quirk (1994) and Fort and Quirk (1995). These clubs appear to display what we term 'unsustainable runs', defined as a period of two to four seasons where the club acquires expensive talent and attempts to win a league championship despite not having the market size to sustain such a competitive position in the long run. The standard model predicts that clubs that locate in large economic markets will tend to acquire more talent, achieve more success on the field and at the box office than clubs that are located in small markets. This book builds a model that can allow unsustainable runs yet retains most of the features of the standard model. The model is then subjected to empirical verification. The new model we develop in the book has as its central feature the possibility of generating two equilibria for a club. In the empirical sections of the book, we use time-series analysis to attempt to test for the presence of unsustainable runs using historical data from National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL) and Major League Baseball (MLB). The multiple equilibria model retains all of the features of the standard model of a professional sports league that is accepted quite universally by economists, yet it offers a much richer approach by including an exploration of the effects of revenues that are earned at the league level (television, apparel, naming rights, etc.) that are then shared by all of the member clubs, making this book unique and of great interest to scholars in a variety of fields in economics. 78 pp. Englisch. N° de réf. du vendeur 9781493952977
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The Run to the Pennant
Edité par
Springer New York, 2016
ISBN 10 : 1493952978
ISBN 13 : 9781493952977
Neuf
Couverture souple
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The Run to the Pennant: A Multiple Equilibria Approach to Professional Sports Leagues
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Paperback. Etat : Brand New. reprint edition. 84 pages. 9.25x6.10x0.20 inches. In Stock. N° de réf. du vendeur x-1493952978
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The Run to the Pennant : A Multiple Equilibria Approach to Professional Sports Leagues
Vendeur : AHA-BUCH GmbH, Einbeck, Allemagne
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Taschenbuch. Etat : Neu. Druck auf Anfrage Neuware - Printed after ordering - A number of clubs in professional sports leagues exhibit winning streaks over a number of consecutive seasons that do not conform to the standard economic model of a professional sports league developed by El Hodiri and Quirk (1994) and Fort and Quirk (1995). These clubs appear to display what we term 'unsustainable runs', defined as a period of two to four seasons where the club acquires expensive talent and attempts to win a league championship despite not having the market size to sustain such a competitive position in the long run. The standard model predicts that clubs that locate in large economic markets will tend to acquire more talent, achieve more success on the field and at the box office than clubs that are located in small markets. This book builds a model that can allow unsustainable runs yet retains most of the features of the standard model. The model is then subjected to empirical verification. The new model we develop in the book has as its central feature the possibility of generating two equilibria for a club. In the empirical sections of the book, we use time-series analysis to attempt to test for the presence of unsustainable runs using historical data from National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL) and Major League Baseball (MLB). The multiple equilibria model retains all of the features of the standard model of a professional sports league that is accepted quite universally by economists, yet it offers a much richer approach by including an exploration of the effects of revenues that are earned at the league level (television, apparel, naming rights, etc.) that are then shared by all of the member clubs, making this book unique and of great interest to scholars in a variety of fields in economics. N° de réf. du vendeur 9781493952977
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Run to the Pennant : A Multiple Equilibria Approach to Professional Sports Leagues
Edité par
Springer, 2016
ISBN 10 : 1493952978
ISBN 13 : 9781493952977
Ancien ou d'occasion
Couverture souple
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The Run to the Pennant: A Multiple Equilibria Approach to Professional Sports Leagues (Sports Economics, Management and Policy, 6)
Edité par
Springer, 2016
ISBN 10 : 1493952978
ISBN 13 : 9781493952977
Ancien ou d'occasion
Paperback
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