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The Economic Theory Of Professional Team Sports

An Analytical Treatment
New Horizons in the Economics of Sport series
Stefan Késenne, University of Antwerp and Catholic University of Leuven, Belgium
The Economic Theory of Professional Team Sports is undoubtedly a classic in the field which every student, lecturer and researcher of the economics of sport will want on their shelves.
Extent: 176 pp
Hardback Price: £78.00 Online: £70.20
Publication Date: 2007
ISBN: 978 1 84720 207 9
Availability: In Stock
Paperback Price: £27.00 Online: £21.60
Publication Date: 2008
ISBN: 978 1 84844 120 0
Availability: In Stock
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  • Economics and Finance
  • Sports
This comprehensive textbook presents the most rigorous, analytical treatment of the theory of professional team sports presently available.

In the first part of the book, Stefan Késenne explores the special characteristics of the industry, analysing the product and player labour market under both the profit- and win-maximisation hypothesis. He then goes on to investigate the impact of different league regulations such as the transfer system, revenue sharing arrangements and salary caps.

The Economic Theory of Professional Team Sports is undoubtedly a classic in the field which every student, lecturer and researcher of the economics of sport will want on their shelves.
‘In short this book is a fine and scholarly piece of economic research that focuses on issues of current relevance and theoretical discussion and which are analysed rigorously.’
– Paul Downward, Leisure Studies

‘An excellent volume for courses on economics or related quantitative fields, this volume is one of a kind, and for that reason libraries should consider purchasing it. No other title currently on the market comes close to doing what Késenne’s does. . . first-rate. Highly recommended.’
– A.R. Sanderson, Choice

‘Stefan Kesenne’s work has added a new dimension to the literature by bringing a European perspective to the analysis of professional sports leagues. This text sets out his research programme in a clear and accessible manner. His work is profoundly influential in the sports literature and the lessons of this book need to be understood by all those interested in policies and practices of sports leagues.’
– Stefan Szymanski, Cass Business School, UK

‘Stefan Késenne is one of the most innovative, clear-headed sports economists writing today. With this book, he has provided a thoughtful, accessible exegesis of the extant literature on the economic theory of team sports leagues. There is no book like this currently available. It will serve as an excellent text for advanced undergraduate and graduate courses in sports economics. I heartily recommend it.’
– Andrew Zimbalist, Smith College, US
Contents: Foreword 1. The Peculiar Economics of Professional Team Sports 2. Sports Product Market 3. Player Labour Market 4. Product and Labour Market 5. Restrictions on Player Mobility 6. Revenue Sharing 7. Salary Caps Index