Sports Economics

Paper Summary:

This paper examines how sports economics has quickly become a valid field of study and discussion as sports teams and leagues the world over have begun earning in the billions, be it in dollars or pounds. It looks at how through paying attendees, paid commercial advertising, and the marketing of paraphernalia for spectators and fanatics, sports is a serious business.

From the Paper:

"Sports economics has quickly become a valid field of study and discussion, as sports teams and leagues the world over have begun earning in the billions, be it in dollars or pounds. Through paying attendees, paid commercial advertising, and the marketing of paraphernalia for spectators and fanatics, sports is a serious business. This being said, the manner in which professional sports teams go about distributing their wealth and organizing their respective teams is quite different between North America and Europe. American sports leagues tend to be organized in a closed manner, with a fixed set of teams competing each and every season. Yet, European football (soccer) leagues function in a system of promotion and relegation. If a team is successful, it is promoted to a higher, more profitable and successful league. But if a team is not successful, it is relegated down to a lesser league. "

More papers on Sports Economics:

• Book Review # 94270 : "Sex, Drugs, and Economics"--A Book Review"
• Essay # 84106 : "Salary Cap on a Professional Sports League"
• Research Paper # 54729 : "Sports Stadiums and Arena Finance"

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