Disequilibrium sports economics competitive imbalance and budget constraints
pt. 1. Economic disequilibrium and competitive imbalance -- pt. 2. Teams and leagues with soft budget constraints
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| Format: | eBook |
| Language: | English |
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Cheltenham
Edward Elgar Pub. Ltd
2015
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| Series: | New horizons in the economics of sport
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| Subjects: | |
| Online Access: | |
| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | pt. 1. Economic disequilibrium and competitive imbalance -- pt. 2. Teams and leagues with soft budget constraints For decades, sports economics has been set within the framework of equilibrium economics, in particular when modelling team sport leagues. Based on a conviction that this does not reflect real life, this book addresses a gap in the literature and opens up a new research area by applying concepts drawn from disequilibrium economics. It is divided into two parts, the first of which focuses on economic disequilibrium in sports markets and competitive imbalance in sporting contests. The second part concentrates on soft budget constraints and their consequences for club governance and management. This pioneering book is the first to tackle non-mainstream economics in sport and offers a first approach to disequilibrium sports economics. Providing a new metric of competitive balance and opening up new avenues of future research, this is essential reading for economists and those researching sport across many disciplines |
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| Physical Description: | 272 p ill |
| ISBN: | 9781783479351 9781783479368 |