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with one major league providing top level play, begging the question of whether sports leagues are natural monopolies. This …
Persistent link: https://www.econbiz.de/10008685550
In addition to generating initial profits, the WBC has positioned MLB to be the leader in growing the game of baseball and the commercial aspects of the sport throughout the world. As baseball grows, and more importantly as the American brand of baseball grows, it will be interesting to watch...
Persistent link: https://www.econbiz.de/10008685482
The National Basketball Association claims to sell entertainment. Part of that entertainment is close, competitive contests with uncertain outcomes. However, hometown fans want the home team to win. Hence, the optimal probability that the home team wins a game, from the perspective of maximizing...
Persistent link: https://www.econbiz.de/10008685489
To attract golf patrons, sport managers must understand consumption patterns of the golfer. Importantly, the treatment of travel costs must be understood. According to the Alchian-Allen (1964) theorem, golfers treat travel costs as bundled costs (third law of economic demand) whereas classical...
Persistent link: https://www.econbiz.de/10008685493
Major League Baseball (MLB) rules restrict the movement of any franchise into another’s territory. These territorial rules are designed to protect each team’s potential local revenue sources as well as to provide stability throughout the league. Recently, Major League Baseball approved...
Persistent link: https://www.econbiz.de/10008685496
sports franchises have a limited understanding of competitors in their geographic market – particularly when calculating the …
Persistent link: https://www.econbiz.de/10008685501
A fundamental belief in professional sport leagues is that competitive balance is needed to maximize demand and revenues; therefore, leagues have created policies attempting to attain proper competitive balance. Further, research posits that objectives of professional sport teams’ owners...
Persistent link: https://www.econbiz.de/10008685513
Simulations have long been used in business schools to give students experience making real-world decisions in a relatively low-risk environment. The OAKLAND A’S BASEBALL BUSINESS SIMULATOR takes a traditional business simulation and applies it to the sport industry where sales of tangible...
Persistent link: https://www.econbiz.de/10008685516
The purpose of this study was to examine the effects of roster turnover on demand in the National Basketball Association (NBA) over a five-year period (2000-2005) and compare these results to previous research on turnover in Major League Baseball (MLB). A censored regression equation was...
Persistent link: https://www.econbiz.de/10008685518
During the past decade there has been a proliferation of sports stadia being built in America’s municipal districts … such as political motives, tax reform and increased public awareness of tax equity have forced sports teams to share … decreased, franchises have continued to strive for maximized profits. Concurrently, the cost of attending events in sports …
Persistent link: https://www.econbiz.de/10008685530