Economics of Sport

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Fitness Information Technology, 2001 - Sports - 242 pages
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Why does the sport industry operate as it does? Why do governments in some countries directly support sport programs facilities and athletes while other governments do not? Why does a pair of basketball shoes cost 100? Why can some sport organisations operate as monopolists to sell their television rights? This book investigates 'big-time' sports such as professional football baseball basketball and hockey and goes beyond other texts to include the economics of global sports youth sports recreational sports the sporting good industry and sport outside the boundaries of the United States. Written for students with some exposure to economic concepts and analysis 'Economics of Sport' is ideal for a lower division elective course for economics majors for master's students in sport management or for economics professors who are in the process of learning more about the sport industry. In its 12 chapters the book defines the sport industry and reviews economic concepts before examining central issues such as benefits and costs; the theory of the firm; profit maximisation as a major motivator and alternative motivators; elasticity of demand and supply; market structures from perfect competition to monopolies; labour-related issues; government sport community sport and private enterprise; government and industry self-regulation; antitrust laws; and sport as a global industry. The last two chapters look at sport as a global industry and assess how economic systems affect sport governance in the world the reasons for international expansion the sport club systems used around the world and the increased internationalisation of sport business activities. The book also examines the technological advances and demographic changes that influence demand as well as the changing labour markets around the world.

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Chapter 1
Economic Motives of Sport Organizations
Chapter 3

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About the author (2001)

Dr. Ming Li is a recognized expert in the field of theoretical computer science and an authoritative writer on computer learning theory, mathematical systems, foundations of computer science, complexity theory and more. Ming Li and co-author Paul Vitanyi have written a well respected text in An Introduction To Kolmogorov Complexity and Its Applications (1997). This book discusses randomness and the theory that an object's complexity is determined by how briefly it can be described. Aimed at advanced students, researchers, and practitioners in the fields of computer science, mathematics, cognitive sciences, artificial intelligence, statistics, and related fields, chapters address subjects such as algorithmic complexity and probability, inductive reasoning, and physics. Problem sets are included. In addition to contributing to Algorithmic Learning Theory, the proceeds of an International Workshop in Sendai, Japan (1997), Li has written numerous technical articles for professional journals and served as editor for The Journal of Computer and System Sciences, Information and Computation, Journal of Combinatorial Optimization, and Theoretical Computer Science. Ming Li was born July 16, 1955 in Beijing, China. He earned his Ph.D. at Cornell University in 1985. Li is a professor of computer science at Waterloo University, Ontario, Canada and a frequent presenter at international conferences and symposiums.

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