The Run to the Pennant A Multiple Equilibria Approach to Professional Sports Leagues /

• Main Authors: Rockerbie, Duane W. (Author), Easton, Stephen T. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: New York, NY : Springer New York : Imprint: Springer, 2014.
• Series: Sports Economics, Management and Policy, 5
• Subjects: Management.; Economics.; Management science.; Econometrics.; Economics, general.

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 te...

Table of Contents:

• 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 work)
• Chapter 5. Roles for policy in the presence of multiple equilibria. (new work)
• Chapter 6. Empirical tests for multiple equilibria in sports leagues (new work)
• Chapter 7. Concluding thoughts and suggestions for future work.