A presentation on the 2012 peer-reviewed article by lecturer Liam Lenten, which appeared recently in the journal Applied Economics Letters, entitled: “The Underdog Should Always Fire the First Salvo against Brazil”, which tests the old myth in football that it is unwise for an opposition team to score early in any game against the almighty Brazilians. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

A guest lecture by John Didulica, currently the Football Operations Manager of Australian domestic league team Melbourne Heart, a former professional footballer, and a lawyer by academic training. He was also at one time the CEO of the player’s union for footballers in Australia, the AFPA. His talk is titled as: "The Business of Football and Footballers: From Maximum Wage to Petrodollars". Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

This lecture encompasses two related topics “Public Finance of Sports” and “Subsidies and Economic Impact Analysis”. Both parts of this lecture look at the role of government in the sports industry, and whether or not it should use public taxpayers’ funds to bid to bring the event to town, bring the team to town, or build the new stadium. Where they decide in favour of doing so (even when it would run at a substantial financial loss), we also explain the reasons behind such a decision. We use...

This lecture encompasses two related topics “Public Finance of Sports” and “Subsidies and Economic Impact Analysis”. Both parts of this lecture look at the role of government in the sports industry, and whether or not it should use public taxpayers’ funds to bid to bring the event to town, bring the team to town, or build the new stadium. Where they decide in favour of doing so (even when it would run at a substantial financial loss), we also explain the reasons behind such a decision. We use...

In this, the final part of three on 'Professional Team Sports Leagues in Australia', we take the modelling from earlier and use it to draw conclusions about what we would expect to find about competitive balance in the AFL over the history of the competition when we look at the figures. We also compare competitive balance in the AFL to the Major Leagues (MLB, NFL and NBA) on one hand, and other pro-sports leagues in Australia (NRL and NBL) on the other hand. The results are mixed - some of...

In this, the final part of three on 'Professional Team Sports Leagues in Australia', we take the modelling from earlier and use it to draw conclusions about what we would expect to find about competitive balance in the AFL over the history of the competition when we look at the figures. We also compare competitive balance in the AFL to the Major Leagues (MLB, NFL and NBA) on one hand, and other pro-sports leagues in Australia (NRL and NBL) on the other hand. The results are mixed - some of...

This lecture, the second of three on 'Professional Team Sports Leagues in Australia', follows on from the previous one insofar that the 'unrestricted' model under the assumption of win-max (AFL) [and compared to profit-max (Major Leagues)], is now 'restricted' with common past and present policies used to ensure competitive balance. These policies include, draft/zoning/reserve clause; salary cap (and minimum salary); gate-revenue sharing; and league-revenue sharing. As we see, the conclusions...

This lecture, the second of three on 'Professional Team Sports Leagues in Australia', follows on from the previous one insofar that the 'unrestricted' model under the assumption of win-max (AFL) [and compared to profit-max (Major Leagues)], is now 'restricted' with common past and present policies used to ensure competitive balance. These policies include, draft/zoning/reserve clause; salary cap (and minimum salary); gate-revenue sharing; and league-revenue sharing. As we see, the conclusions...

Do you question why professional athletes are paid so much money? This lecture delves into labour markets of the professional sports industry, starting with a coverage of both demand and supply in the basic setting, and then considering how the status quo differs in situations that represent common market restrictions in sports, such as 'monopsony power' of firms (teams) leading onto common competitive balance policies, like salary caps and the draft. We also consider some nuances of certain...

Do you question why professional athletes are paid so much money? This lecture delves into labour markets of the professional sports industry, starting with a coverage of both demand and supply in the basic setting, and then considering how the status quo differs in situations that represent common market restrictions in sports, such as 'monopsony power' of firms (teams) leading onto common competitive balance policies, like salary caps and the draft. We also consider some nuances of certain...

Do you question why professional athletes are paid so much money? This lecture delves into labour markets of the professional sports industry, starting with a coverage of both demand and supply in the basic setting, and then considering how the status quo differs in situations that represent common market restrictions in sports, such as 'monopsony power' of firms (teams) leading onto common competitive balance policies, like salary caps and the draft. We also consider some nuances of certain...

Have you ever wondered why in some sports leagues, some teams appear destined never to win the title, yet other teams appear destined to win it quite frequently? This lecture outlines 'competitive balance' (CB) as being an unusual economic phenomenon specific to the sports industry - that we, as consumers of sport, actually like uncertainty! We define ways of measuring CB, as well as summarising certain policies that can influence the level of CB, while noting some of the possible distortive...

Have you ever wondered why in some sports leagues, some teams appear destined never to win the title, yet other teams appear destined to win it quite frequently? This lecture outlines 'competitive balance' (CB) as being an unusual economic phenomenon specific to the sports industry - that we, as consumers of sport, actually like uncertainty! We define ways of measuring CB, as well as summarising certain policies that can influence the level of CB, while noting some of the possible distortive...

This lecture goes from the framework of examining team behaviour to the next level - instead viewing the 'league' as a firm and considering alternative models (to pure profit-maximisation) of firm behaviour that arguably better describe such behaviour of leagues (as well as other non-profit administrative organisations). We will see how a breakdown of revenues and costs and the league policies relating to both can alter the behaviour of teams in perverse ways, and we also provide a general...

This lecture goes from the framework of examining team behaviour to the next level - instead viewing the 'league' as a firm and considering alternative models (to pure profit-maximisation) of firm behaviour that arguably better describe such behaviour of leagues (as well as other non-profit administrative organisations). We will see how a breakdown of revenues and costs and the league policies relating to both can alter the behaviour of teams in perverse ways, and we also provide a general...

This lecture sets up a formal model of sports team behaviour (from Rod Fort), working from the common starting assumption of profit-maximisation (though noting certain caveats to this). We model one particular factor of production, labour (players' wages), and see how the teams' decisions on amount of labour affect not only revenues, costs and ultimately profits, but also team quality and how often they 'win'. These conclusions then make it possible to infer a few useful conclusions about the...

This lecture sets up a formal model of sports team behaviour (from Rod Fort), working from the common starting assumption of profit-maximisation (though noting certain caveats to this). We model one particular factor of production, labour (players' wages), and see how the teams' decisions on amount of labour affect not only revenues, costs and ultimately profits, but also team quality and how often they 'win'. These conclusions then make it possible to infer a few useful conclusions about the...

This lecture sets up a formal model of sports team behaviour (from Rod Fort), working from the common starting assumption of profit-maximisation (though noting certain caveats to this). We model one particular factor of production, labour (players' wages), and see how the teams' decisions on amount of labour affect not only revenues, costs and ultimately profits, but also team quality and how often they 'win'. These conclusions then make it possible to infer a few useful conclusions about the...

This lecture centres on the role of the television broadcasters in sports and how this huge influx of funds, non-existent a couple of generations ago, and how its profound impact on the modern landscape of the modern sports industry. Various emphases are given to the market structure, the broadcast rights, advertising, and sponsorship. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

This lecture centres on the role of the television broadcasters in sports and how this huge influx of funds, non-existent a couple of generations ago, and how its profound impact on the modern landscape of the modern sports industry. Various emphases are given to the market structure, the broadcast rights, advertising, and sponsorship. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

Microeconomic theory applied to issues such as market structure (monopoly versus perfect competition), demand effects on revenue, and price discrimination. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

This lecture continues and concludes the 'Microeconomic Principles and Sport' topic, continuing along the theme of explaining apparent anomalies that we tend to observe specifically in the sports industry. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

This lecture continues and concludes the 'Microeconomic Principles and Sport' topic, continuing along the theme of explaining apparent anomalies that we tend to observe specifically in the sports industry. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

Dr Liam Lenten introduces microeconomic principles, and applies them to a sporting framework. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.