One of the absolutes in professional sports, and a reason for its success, is the uncertainty of the outcome of individual games, seasons, and championships. This uncertainty impacts a team's attendance and financial operation. While leagues cultivate uncertainty through various rules such as...

This paper considers a multi-firm analysis of a cartel. It examines the individual owner's choice of labor, the primary factor of production, and the cartel's choice of revenue sharing and salary cap policies in both a profit maximizing model and a utility maximizing model. The effect of...

This paper considers a multi-firm analysis of a cartel. It examines the individual owner's choice of labor, the primary factor of production, and the cartel's choice of revenue sharing and salary cap policies in both a profit maximizing model and a utility maximizing model. The effect of...

All three sections in this chapter are interrelated. Expansions and relocations, especially in the early years of a league, are often the response to upstart rival leagues. More recently, relocations have occurred because another city offers a better facility lease regardless of whether the...