The history of professional sports leagues is rich with examples of clubs that enjoy success on the field for a number of seasons, only to fall back in subsequent seasons. Although some clubs achieve consistent success, and a few, consistent failure, most clubs display a cyclical pattern as they...

This article develops a model of a representative professional sports club operating in a league that has the option of adopting one of two different forms of revenue sharing: traditional revenue sharing or central-pool-type revenue sharing. To adopt either form of revenue sharing, the league...

This article investigates whether a greater supply of free-agent baseball players at a particular position has any effect on negotiated salaries. A simple auction model of free-agent salaries with many bidders is developed that suggests that a greater supply of positional free-agent players...