Sports Economics: Theory, Evidence and Policy (Sport by Paul Downward

By Paul Downward

Activities Economics is the correct advent for all game administration and activity coverage scholars and people for whom economics is a comparatively new zone of analysis. The booklet also will offer an incredible creation to activities economics for economics scholars new to the world. in particular designed to make economics available the context of activity is the focal point of study, making sure that this booklet is energetic, obtainable and approachable. the whole scope of the activities economic climate is tested, overlaying the 3 major arenas within which activity happens - mass participation, expert activities and activities occasions. the major parts of the commercial illustration of those 3 markets are thought of, comparable to the underlying call for for and provide of those activities, including the most coverage matters affecting them when actually overseas in scope, it focuses fairly on particular comparisons among the USA, the united kingdom and mainland Europe. The breadth of dialogue and foreign emphasis is delivered to lifestyles by way of an in depth dialogue of the facts through the e-book to demonstrate the most important topics mentioned - excellent for either lecturer and scholar. mirrored image questions and containers also are utilized in chapters to suggested the reader to contemplate particular issues in addition to to supply the context for particular theoretical or empirical contributions which have been used to examine recreation. * Embraces the entire scope of the activities economic climate, together with mass participation, specialist activities and activities occasions* excellent source for activities administration and coverage scholars, making economics available via robust pedagogy* Illustrated via overseas case reports targeting the united kingdom, US and mainland Europe

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Additional info for Sports Economics: Theory, Evidence and Policy (Sport Management)

Sample text

Variable costs measure the costs that can be varied as the club commits resources to produce fixtures; consequently, they only need to be paid when varying the level of output of the firm, which is supplying sports fixtures. 2 Consider a professional sports club. , would vary directly with the number of fixtures offered? Hint: Consider who actually produces the sports fixture on the playing field! In economic theory labour costs are usually assumed to be the variable input to a firm's production in the short run, and clearly this is applicable to sports, if one considers who is actually required to produce a sports fixture and who would need to be paid to do so.

Unlike the case of monopoly such taxes or subsidies will not be lump sum but, rather, reflect either a fixed amount added or subtracted from each sale, known as a specific tax, or a fixed percentage of the value being added or subtracted to the proposed selling price, known as an ad valorem tax. Qualitatively the effects are the same. Of course, the actual costs or revenues that are imposed or generated from subsidies or taxes will vary, depending on the fiscal regime and the specific behaviour characterizing the sports market.

More generally, policy agencies can use taxes or subsidies to control externalities that emerge from the supply-side of the sports economy. , tickets, can be produced or equivalently, for any given level of tickets, the price will be higher. In contrast, subsidies act as a reduction in costs and shift the supply curve to the right. Unlike the case of monopoly such taxes or subsidies will not be lump sum but, rather, reflect either a fixed amount added or subtracted from each sale, known as a specific tax, or a fixed percentage of the value being added or subtracted to the proposed selling price, known as an ad valorem tax.

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