December 2022
Intermediate to advanced
186 pages
6h 9m
English
Content preview from The Economics and Finance of Professional Team Sports
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4 PROFIT AND UTILITY MAXIMISATION IN PROFESSIONAL TEAM SPORTS
We can see from Table 3.1 the differences between a number of different team sports around the world with the most striking differences occurring between the American and European model – they are almost counter opposites in some cases, especially when compared against European football leagues. Precisely why such differences have arisen in the two continents has never been fully explained (Sloane, 2015). However, Szymanski and Zimbalist (2005) contrast the development of football and baseball, with the former spreading throughout the world. Football was influenced by British expatriates and local elites, whilst baseball was much more inward looking ...
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