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.

Introduction

Introduction

Introduction
Paul Downward Bernd Frick Brad R. Humphreys Tim Pawlowski Jane E. Ruseski Brian P. Soebbing

The Development and Scope of Sports Economics

Sports Economics is now a well-established field of economics that contributes to the development of a theoretical and empirical understanding of sport in the economy and informs policy and management. From the modest beginnings of seminal applications of economic enquiry to the analysis of sport and the labour market in the 1950s to the 1970s (Rottenberg, 1956; Neale, 1964; Sloane, 1969), and analysis of the financial fragility of football (Sloane, 1971), the literature has grown to ...

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