This paper discusses the relative strengths and weaknesses of alternative solution methods in applied general equilibrium (AGE) analysis. The particular focus is not on the technical properties of solution algorithms, but instead deals with the general issue of using linearised approximation...

Chapter 1. On the Rise: Player compensation and multiyear contracts -- Chapter 2. The puzzle of overpaid and underpaid players -- Chapter 3. Contract Options for Buyers and Sellers of Talent -- Chapter 4. Extensions to the put option model -- Chapter 5. Concluding remarks.

Chapter 1. Introduction -- Chapter 2. Use of empirical data to motivate the theoretical model. (new work) -- Chapter 3. A review of the two-team and N-team profit-maximizing model of a league -- Chapter 4. An exposition of the profit-maximizing league model with multiple equilibria. (some new...