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...

Contents: Introduction -- 1. Oliver Budzinski (Ilmenau University of Technology, Germany) and Arne Feddersen (University of Southern Denmark, Denmark): Measuring competitive balance in formula one racing -- 2. Carlos Gomez-Gonzalez (University of Castilla-La Mancha, Spain) and Julio del Corral...

Competition is the very essence of professional sports, yet how do we measure it? Has the level of competition changed over time? Can organizers influence the degree of competition, for example, by changing rewards? How does the audience appreciate competition? The Economics of Competitive...