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teams to recoup player development costs and to maintain competitive balance within leagues. Theory holds that the … a general theory through which the effects of the labor market constraints can be comparatively analyzed for American … sports leagues. The economics of sports has been relegated to the realm of labor theory by the unnecessarily limiting …
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The study of sport in the economy presents a rich arena for the application of sharply focused microeconomics, macroeconomics and econometrics to both team and individual outcomes. This unique book offers a survey of recent research that follows the tradition of empirical and theoretical...
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