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Competition is the very essence of professional sports, yet how do we measure it? Has the level of competition changed over time? Can organizers influence the degree of competition, for example, by changing rewards? How does the audience appreciate competition? The Economics of Competitive Sports examines and addresses these questions.This volume presents a state-of-the-art overview of the economics of competitive sport with contributions from leading experts in the field. The initial chapters present a discussion of the organization of sports and competition, exploring how leagues form, operate and compete. The second part of the book deals with the competition, rewards and outcomes of actual organized leagues and contests. Competitive balance and responses to incentives are covered extensively.Academics, policymakers and students seeking an in-depth and practical understanding of the economics of competition in sport will find this volume indispensable.Contributors include: J. Achterhof, M. Andreff, W. Andreff, X.G. Che, J. del Corral, D. Forrest, B. Frick, P. Garcia-del-Barrio, C. Green, B.R. Humphreys, S. Késenne, R. Koning, I.G. McHale, J. Prieto-Rodríguez, F. Pujol, P. Rodríguez, I. Sanz, F. Scheel, R. Simmons, S. Szymanski, J.D. Tena, F. Tenreiro, C. Varela-Quintana
Edited by Plácido Rodríguez, University of Oviedo, Spain, the late Stefan Késenne, formerly University of Antwerp and KU Leuven, Belgium and Ruud Koning, University of Groningen, the Netherlands
Contents:PART I ORGANIZATION OF SPORTS AND COMPETITION1. Rival Sports League Formation and CompetitionXiao Gang Che and Brad R. Humphreys2. The Pyramid Market of the European Sports Model: The Economics of FederationsFernando Tenreiro3. The English Disease: Has Football Hooliganism been Eliminated or just Displaced?Colin Green and Robert Simmons4. Where to Play First (Away or Home) in a Best-of-two Tournament? An Analysis from UEFA CompetitionsCarlos Varela-Quintana, Julio del Corral and Juan Prieto-Rodríguez 5. Long Term and Short Term Causes of Insolvency and English footballStefan SzymanskiPART II COMPETITION: COMPETITIVE BALANCE, REWARDS, AND OUTCOME6. The Optimal Competitive Balance in a Sports League?Stefan Késenne7. Live Football DemandRuud Koning and Jeroen Achterhof 8. Sport Talent, Media Value and Equal Prize Policies in TennisPedro Garcia-del-Barrio and Francesc Pujol9. Career Duration in Capital-Intensive Individualistic Sports: Evidence from Ski Jumping, Golf and Auto RacingBernd Frick, Brad R. Humphreys and Friedrich Scheel 10. Determinants of National Medals Totals at the Summer Olympic Games: An Analysis Disaggregated by SportDavid Forrest, Ian G. McHale, Ismael Sanz and J.D. Tena11. Economic Prediction of Sport Performances from the Beijing Olympics to the 2010 FIFA World Cup in South Africa: The Notion of Surprising Sporting OutcomeWladimir Andreff and Madeleine AndreffIndex
‘In the 21st century, Edward Elgar has been, in this reviewer's opinion, the go-to publishing house when it comes to virtually any aspect of the economics or business of sports. The total is now larger by one with the addition of Economics of Competitive Sports.'