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 Olympic Games are an enchanting spectacle. Despite the recent controversies surrounding them, the worldwide audience and the associated revenues remain strong. Viewers follow the Games for intrinsic and extrinsic reasons. They want to admire the beauty and wonder of the athletic performance as well as the resulting rankings. They want to see which records will be broken and which nation's athletes will dominate.
This chapter focuses on national performance measured by medal counts. The topic of Olympic national performance emerged in the economics literature decades after appearing in the sociology literature, very much in tandem with the development of econometric techniques. As new techniques arise, they offer researchers a new way to address old questions. ...