Sports economics is a well-established and dynamic area of study; a key component in the fields of sport management, sport science and sport studies, as well as in other areas of economics, finance and management. Covering amateur to professional sports, individual events and organised tournaments, this Handbook provides an authoritative contribution to the understanding of sport in the economy. The editors of The SAGE Handbook of Sports Economics have brought together a global team of respected scholars to create this benchmark collection of insights into sports economics. Each chapter includes a study of a specific context in which issues arise in sports economics, a critical presentation of its main theoretical contributions, an overview of current research findings, and an outline of enquiry for future research. PART I: The Nature and Value of the Sports System and Economy; PART II: Amateur Sports Participation, Supply and Impact; PART III: Professional Team Sports; PART IV: Professional Sports Leagues; PART V: Sports Events and their Impacts; PART VI: Individual Sports; and PART VII: Future Research.

Competitive Balance: Measurement and Relevance

Competitive Balance: Measurement and Relevance

Competitive balance: measurement and relevance
Tim Pawlowski Georgios Nalbantis

Introduction

Rottenberg (1956) and Neale (1964) were the first to elaborate in their seminal works on the supposed positive relation between the level of balance within a sports competition and its attractiveness for spectators. For six decades, their hypothesis is stimulating predominantly empirical economic research which can be divided into two lines, as proposed by Fort and Maxcy (2003), that is, the Analysis of Competitive Balance (ACB literature) and the test of the Uncertainty of Outcome Hypothesis (UOH literature). This chapter intends to sketch some major findings from both lines of research during recent years, to discuss our current understanding of this topic and to ...

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