In this article, it is suggested that the new collective bargaining agreement (CBA) in the National Basketball Association (NBA) redistributes rents from the superstars back to the median voters. In particular, it is suggested that portions of the new agreement, such as salary caps, are designed...

National Association for Stock Car Auto Racing’s (NASCAR) monetary reward structure uses a linear payout for races, with a nonlinear payout for the season long tournament. The authors suggest that the season long nonlinear payout is magnified by taking into consideration the value of...

This article reports an application of the contingent valuation method to measure the value of public goods generated by a professional sports team, the Pittsburgh Penguins of the National Hockey League. The data and analysis indicate that a major league sports team can produce widely consumed...

Of the drivers who raced National Association for Stock Car Auto Racing (NASCAR) cup series in 2005, 23 out of 76 had family connections. Family career following is not unique to NASCAR, it is common in many careers such as law, politics, business, agriculture, medicine, and entertainment....

In an influential article, “Unraveling in Matching Markets,"Li and Rosen (1998) note that the first 7 picks, and 17 among 29 first-round selections, of the 1997 National Basketball Association (NBA) draft were not college seniors. By 2004, the first pick was a high school senior, and 25 of...

Economic literature has identified two potential types of racial discrimination in sports careers: exit discrimination and wage discrimination. The authors test for both types of discrimination in National Basketball Association (NBA) data in two ways. First using a modified Heckman procedure,...