• Dissertation writing
  • Dissertation editing
  • Thesis proposal writing
  • Research proposal writing
  • Essay writing


  • Editing
  • Proofreading
  • Formatting
  • Paraphrasing
  • Admission papers services


  • Outline
  • Title page Bibliography
  • Formatting
  • Amendments

What Is the Economics of Sports?

economics of sportsEconomic sports theoretical base relies on empirical microeconomic analysis and theoretical in terms of applications. When it comes to modules, it offers specific and transferable skills that applicable to job opportunities especially on leisure industries, tourism and local government. Moreover, it’s worth visiting our site where you may get additional information about what is the place of game theory in economics and econometrics.

Central Theme of Economics of Sports

The theme for sports economics characterize competing teams needed to cooperate with one another when they have a match. With this, it gives rise to 2 terms: competitive balance and uncertainty of outcome.

Sports econometrics need to promote equality of team. Typically, for European leaguesm, it is merit based. In vertical hierarchies, it enables poorer performing teams be replaced by better teams coming from lower division but they will be chosen through process of relegation and promotion. For sports like rugby union and football, the highest teams from highest division will have the chance to compete against foreign best teams.
In the North America, there is geographical distance that plays important role to determine teams that are allowed to compete with one another on regular basis. On the other hand, the leagues are sealed hermetically without any relegation and promotion. There are restrictions like limits on size of teams and salary caps. Regardless, substantial literature evolved in measuring competitive balance as well as implications.

The Theory of Sports                                                         

In literature, sports economic originated in seminal article made by Simon Rottenberg with focus on prevailing restrictions in labor market for players of baseball. During that time, literature has exponentially grown. As of now, there is a journal dedicated to body of research namely Journal of Sports Economics.

In earlier literature, it has strong focus on North American leagues majors such as football, ice hockey, basketball and baseball. This means that there are data sets available that provides ready-made laboratory when it comes to analysis on economic propositions. Recently, economic analysis of football sport becomes prominent because detrimental effects of affluent teams dominate European and domestic competition. For sports economics links, it is directly range to sub-disciplines within broader economics like industrial economics, theory of firm, labor economics as well as demand theory. With that in mind, sports offer relevant applications to economist. In addition, you may find more information about what is the specific of climate change economics and policy by visiting our site.

Interested in the topic? Just take it and start working!

Type of work:
Number of Pages:

Turnaround/Level Bachelor Master Doctorate
14+ days $13.41
10-14 days $16.09
7-9 days $18.77
4-6 days $21.45
3 days $24.13
48 hours $29.49
24 hours $34.86
12 hours $40.22