Summary
Contents
Subject index
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.
The Economics of the Transfer Market
The Economics of the Transfer Market
Introduction
The well-known Bosman verdict of the European Court of Justice (ECJ) in December 1995 abolished the existing transfer system for end-of-contract players. By this verdict, professional football players are free to move to another team at the end of their contract without any transfer fee. However, the transfer system for players under contract is still alive with increasing and sky-rocketing transfer fees.
If players are not free to move at the end of their contract, the labor market of professional football players cannot function. Another regulation system is needed to organize the allocation of talent and the determination of the price of talent. After the abolition of the transfer ...
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