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The Sports Business as a Labor Market Laboratory

The Sports Business as a Labor Market Laboratory Abstract With superior data on compensation and productivity, as well as the occurrence of abrupt, dramatic market structure and player allocation rules changes, sports labor markets offer an excellent setting in which to test economic hypotheses. This paper reviews evidence from sports in four areas: employer monopsony, discrimination, the Coase Theorem, and incentive contracts, supervision and performance. There is considerable evidence of monopsony as well as for the existence of some forms of discrimination against minority athletes. Incentive contracts have strong effects on player performance and behavior, and there is mixed evidence on the predictions of the Coase Theorem. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

The Sports Business as a Labor Market Laboratory

Journal of Economic Perspectives , Volume 14 (3) – Aug 1, 2000

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Publisher
American Economic Association
Copyright
Copyright © 2000 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/jep.14.3.75
Publisher site
See Article on Publisher Site

Abstract

Abstract With superior data on compensation and productivity, as well as the occurrence of abrupt, dramatic market structure and player allocation rules changes, sports labor markets offer an excellent setting in which to test economic hypotheses. This paper reviews evidence from sports in four areas: employer monopsony, discrimination, the Coase Theorem, and incentive contracts, supervision and performance. There is considerable evidence of monopsony as well as for the existence of some forms of discrimination against minority athletes. Incentive contracts have strong effects on player performance and behavior, and there is mixed evidence on the predictions of the Coase Theorem.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Aug 1, 2000

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