Description

Features

For courses in Sports Economics

Fort’s Sports Economics, 2/e is the only text that provides enough content and rigor for a course taken primarily by economics majors.

"Are most of your students economics majors?  Is it difficult finding a text that has enough content and rigour for them?"

• Fort’s Sports Economics, 2/e is the only text that provides enough content and rigor for a course taken primarily by economics majors. 
• Graphical presentation of the impact of profit maximization on the long run talent choice by owners; pp. 105-109; The culmination in Figure 4-6
• The discounted present value approach applied to the expansion decisions of sports leagues; The culmination at p. 138
• Graphical assessment of mechanisms chosen by sports leagues to facilitate competitive balance; Figures 5-4 (gate sharing), 5-5 (luxury taxes), and 5-6 (salary caps)
• Application of basic bargaining solutions to sports negotiations; pp. 272-277; The discussion around Tables 8-1 and 8-3
• The discounted present value approach applied to the decision to strike or lock out; The discussion at p. 280 and again at p. 291
• Graphical presentation of subsidy justifications in sports; pp.  303-309; Especially, the discussion culminating in Figures 9-2 and 9-3
• Discussion of the setter model from public choice, pp. 361-362; culminating in Figure 10-3
• Graphical presentation of Bayesian updating and team values; pp.389-90;  around Figure 11-1
• Graphical presentation of the value to athletic departments of the amateur requirement; pp. 444-446; The discussion around Figure 12-6

By their very nature, the data presentation and examples in this text lend themselves to abundant opportunities for instructors to relate statistical techniques to very interesting policy questions.  And access to Professor Fort’s Sports Business Data at the course web page facilitates statistical analysis assignments.

• Rodney Fort is a recognized authority on the economics and business of sports.  As an active researcher, he brings the latest research and theories directly to you and your students in Sports Economics 2/e.  

Rodney Fort is a recognized authority on sports economics and business, both in the United States and internationally. His dozens of articles and monographs cover sports topics as diverse as cross-subsidies in U.S. sports leagues, predatory behavior by Major League Baseball toward African American Baseball Leagues during integration, analysis of competitive balance, and comparative analysis of North American and European sports leagues. His contributions appear in the American Economic Review, Journal of Political Economy, Journal of Economic Literature, Economic Inquiry, Scottish Journal of Political Economy, and the Journal of Sports Economics to name a few.   He also serves on the editorial boards of the Journal of Sports Economics, the newly founded International Journal of Sport Finance, and the Eastern Economic Journal.

Professor Fort is a regular speaker on sports issues.  He has been heard on National Public Radio and seen on Hockey Night in Canada on the CBC.   He has been a panelist on sports economics issues at Western Michigan University, Tufts University, Washington University, Vanderbilt University, The Independent Institute, The Marquette Sports Law Institute, The Brookings Institution, and The International Center for Sports Studies in Neuchatel, Switzerland. He has been a keynote speaker at sports conferences from Philadelphia, to Cologne, Germany, to Rio de Janeiro, Brazil.  He often renders expert opinion in legal cases concerning sports.  His other testimony has been in front the U.S. Senate Subcommittee on Antitrust concerning competitive balance issues in baseball and the New Zealand Commerce Committee on salary caps in Rugby Union.

"Do you believe that economics majors should understand how economics in general, and sports economics in particular, extend into the realm of Public Choice"

• Unlike competing books, Fort integrates a rational actor politics approach in Chapters 8, 10 and 11, effectively bringing economics into the realm of public choice. 
• Ch. 8:  pp. 270-272; introduction of rational actor outcomes in labor-management relations; culmination in Figure 8-2.
• Ch. 10:  pp. 339-342, rational actor outcomes developed around the issue of subsidies to pro sports team owners; culmination in Figure 10-1.
• Ch. 10:  pp. 356-358; application of the rational actor approach to explain inefficient stadium subsidies; culmination in Figure 10-2
• Ch. 10:  pp. 359-365; direct democracy analysis and assessment for subsidies to pro sports team owners, especially Figure 10-3 and the analysis in Tables 10-7 and 10-8.
• Ch. 11:  pp. 392-395; rational actor outcomes applied to special tax and antitrust status for pro sports leagues; especially Figures 11-3 and 11-4
• Ch. 12:  pp. 459-461; discussion of rational actor applications in college sports.

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OTHER POINTS OF DISTINCTION

"At the end of the day, don't you want to have some fun teaching Sports Economics?"

• Rodney Fort truly knows how to write in a fun and engaging way, that students like.  Afterall, before becoming a textbook author, Fort wrote two renowned and award winning popular press books on the sports business.  He brings this lively writing style into Sports Economics 2/e for a read that isn’t just educational, but fun and engaging!

Check out These Popular Press Books by Rodney Fort

Quirk, James and Fort, Rodney. Pay Dirt.  New Jersey. Princeton University Press, 1997

Quirk, James and Fort, Rodney. Hard Ball.  New Jersey. Princeton University Press, 1999

Other recent books of interest by Rodney Fort:

Fort, Rodney (Editor) and Fizel, John (Editor). International Sports Economics Comparisons (Studies in Sports Economics). Connectucut, Praeger Publishers, 2004

Fort, Rodney (Editor) and Fizel, John (Editor). Economics of College Sports (Studies in Sports Economics).  Connectucut, Praeger Publishers, 2004

New To This Edition

Market outcomes is now covered in two chapters rather than one.

• Following user input, this important topic is now delved into deeper to give students more coverage, and therefore a better understanding.

The new Chapter 6 focuses exclusively on competitive balance in pro sports leagues.

• The chapter ties together the uncertainty of outcome hypothesis from Chapter 2 and the actual outcomes in pro sports leagues. Helps students apply economic reasoning with concrete sport examples.

Table of Contents

1. Warm-Up: The Business Of Sports

2. Demand and Sports Revenue

3. The Market For Sports Broadcast Rights

4. Team Cost, Profit and Winning

5. Sports Market Outcomes I:  Leagues, Team Location, Expansion, And Negotiations

6. Sports Market Outcomes II:  Leagues And Competitive Balance

7. The Value Of Sports Talent

8. The History Of Player Pay

9. Labor Relations In Pro Sports

10. Subsidies And Economic Impact Analysis

11. The Stadium Mess

12. Taxes, Antitrust, And Competition Policy

13. College Sports

Next Edition(s)

• Sports Economics, 3/E
  Fort
  ©2011  |  Prentice Hall  |  Cloth; 544 pp  |  Instock
  ISBN-10: 013606602X  |  ISBN-13: 9780136066026
  Suggested retail price: $206.67  Buy from myPearsonStoreNet price: $155.00  (What's this?)Brief Description  | 

  

  For upper division undergraduate Business and/or Sports Management classes or seminars for economics majors.
  
  Offer a dose of economic thinking to the business of sports.
  
  Sports Economics will help students understand the business side of sports and how it impacts the games seen at the stadium or in the arena.
  
  The third edition features coverage on the role of electronic media, and the current economic situation.
  
  

  More Info
  

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