Excerpt — Sport and Public Policy

In a perfectly competitive market, in which athletes’ wages are equal to their marginal revenue products, only two factors can explain increasing player salaries.

An exploration of public policy decisions regarding investment in sport by laying a foundation that focuses on the economic impacts of stadiums, teams, and events.

The Olympics have since their inception been closely associated with an ideology of social and technical progress.

A natural outgrowth of associations between individual franchises, leagues have enhanced the viability and stability of their professional sports by providing structure and ensuring an even field for competition.