Contemporary Issues in Sports Economics

Contemporary Issues in Sports Economics

Participation and Professional Team Sports

New Horizons in the Economics of Sport series

Edited by Wladimir Andreff

The development of sports economics has exploded in recent years, and this well-researched and relevant book explores some of the most critical themes. Contemporary Issues in Sports Economics examines topics that have previously received little attention in the literature, such as the determinants and social impacts of sports participation including the link to crime levels. The distinguished authors also discuss some of the less investigated aspects of professional team sports, including: • sports betting, financing and governance; • the impact of low scoring matches on competitive balance and fan appeal in European football; and • the effect on player transfers of a luxury tax on club payrolls in Major League Baseball.

Chapter 1: Contemporary Issues in Sports Economics: A Selection

Wladimir Andreff

Subjects: economics and finance, sports


Wladimir Andreff INTRODUCTION Sports economics has developed rapidly during the past ten years. The number of contemporary issues has skyrocketed. Though the first paper published dates back to Rottenberg (1956), sports economics is only now really considered to be an established academic discipline. Sports economists’ common knowledge has been gathered into a handbook (Andreff and Szymanski, 2006), while two double volumes have collected the most representative papers published before the beginning of the previous and the current decade (Zimbalist, 2001; Andreff, forthcoming). Two new scientific journals1 entirely dedicated to sports economics have opened a wide path to article publication on both well-known and breaking issues. Finally, the 2000s are characterised by the emergence of textbooks on both sides of the Atlantic – the North American (Leeds and von Allmen, 2002; Fort, 2003; Sandy, Sloane and Rosentraub, 2004) and the European with Downward, Dawson and Dejonghe (2009), as well as a more theoretical piece by Késenne (2007). In this context, contemporary issues in sports economics are so numerous that each conference or book has to cover some tightly focused topics. There were eight of them at the first European Conference in Sports Economics held in Paris in September 2009: the economics of professional team sports leagues; the economic dimensions of sport participation; sport financing and governance; professional sports markets; the economic impact of sport megaevents; the labour market in professional sports; measuring sport efficiency; and regulation and competitive balance in professional sports leagues. However, given the larger number of papers presented...

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