Sports Economics

Sports Economics the most comprehensive textbook in the field by celebrated economist Roger D. Blair focuses primarily on the business and economics aspects of major professional sports and the NCAA. It employs the basic principles of economics to address issues such as the organization of leagues pricing advertising and broadcasting as well as the labor market in sports. Among its novel features is the candid coverage of the image and integrity of players teams managers and the leagues themselves including cases of gambling cheating misconduct and steroids. The text also discusses other controversial subjects such as disciplining participants discrimination the financing of facilities and how salaries are determined. Blair explains how economic decisions are made under conditions of uncertainty using the well-known expected utility model and makes extensive use of present value concepts to analyze investment decisions. Numerous examples are drawn from the daily press. The text offers ample boxes to illustrate sports themes as well as extensive use of diagrams tables problem sets and research questions.