Review of Industrial Organization 19: 257–260, 2001. Book Review The Economics of Sports, William S. Kern, editor, Kalamazoo, MI: W.E. Upjohn Institute for Employment Research, July, 2000, 146 pages, $33 (cloth), $14 (paper). The Economics of Sports is a collection of six papers edited by William S. Kern. These papers were originally presented as a lecture series at Western Michigan University in the 1998–99 academic year. Individually, the authors are well recog- nized for their professional research in sports economics. However, the six papers are strictly on an individual basis. There is no overall design or coordination of the contents of the book. This makes an overview summary of the book difﬁcult. But the limited number of papers makes an individual review of each paper feasible. Rod Fort’s paper, “Market Power in Pro Sports”, is a wide-ranging discussion of many contemporary problems associated with professional sports leagues. Some of the obvious ones include high players’ salaries, labor/management relations, competitive imbalance due to unequal size of home markets, and public subsidies for stadiums. Fort’s hypothesis is that these problems have a common cause: the monopoly market power of these leagues. Further aggravating these problems is the tacit support for this
Review of Industrial Organization – Springer Journals
Published: Oct 3, 2004
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