The Economics of Sports
6th Edition
ISBN: 9781138052161
Author: Michael A. Leeds, Peter von Allmen, Victor A. Matheson
Publisher: Routledge
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Chapter 3, Problem 3P
To determine
True or false.
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There are a variety of factors that influence our decision to attend sporting events. These factors include: fan motivation, game attractiveness, economic factors, competitive factors, demographic factors, stadium factors, value of sport to the community, sports involvement, and fan identification.
For this discussion, list and describe the two types of economic factors that can affect game attendance.
A local sports fan who cares little about performance in the regular season, and focuses only on championship results would likely measure competitive balance with what?
If a Customer or Supplier to my company offered me and my family free tickets to a coveted sports event with no conditions attached, I would?
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- Explain what the invariance principle is within the sports labor market? What does this mean about the measures leagues put into place to promote competitive balance, like the reverse order draft?arrow_forwardWhich theory emphasizes that diverse teams leverage differences to achieve team synergy? A)Uniformity theory B)Conformity theory C)Homogeneity theory D)Diverse team development theoryarrow_forwardShould free agency change the allocation of players across team? Will this effect competitive balance?arrow_forward
- Leagues that follow the "Hulbert Model" will on average earn A profits than those that don't. One reason for that is that teams under the Hulbert Model tend to be A/arrow_forwardThere is substantial revenue sharing in the NFL. The Baltimore Ravens generated approximately $72 million in gate revenue (i.e. revenue from ticket sales) in 2019. The NFL as a whole generated approximately $2.4 billion in gate revenue in 2019. Use this information to calculate gate revenue for the Ravens after revenue sharing occurs.arrow_forwardInvestigate the issues regarding public/private/cooperative financing of sports organizations.arrow_forward
- What economic reasons do government have for funding sports?arrow_forwardOver-saturation And Changes In Viewing Habits The Most Likely Explanations For NFL's Ratings Dip Why Secondary Ticket Prices For NHL Finals Are Higher Than For NBA Finals In 2018 What could both the NFL and NHL learn about their pricing and output strategies from our current module? (Consumer Choice theory and utility maximization) What similar issues does your future career's industry face?arrow_forwardwhat will happen to the supply of the Blu-rays players if a new breakthrough in manufacturing technology reduces the cost of producing Blu-rays by half?arrow_forward
- How can microeconomics and macroeconomics influence the financial management of a sportsorganization?arrow_forward1) The NCAA operates as a(n): A) Natural monopoly. B) For-profit cartel. C) Incidental cartel. D) Perfect-competitor in collegiate athletics. HOW SO ??arrow_forwardWhich component of diversity leads to increased knowledge and creativity in teams? A)Homogeneity B)Uniformity C)Consistency D)Varied viewpoints and experiencesarrow_forward
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