Sports Economics, Management and Policy

An Absence of Competition

The Sustained Competitive Advantage of the Monopoly Sports Leagues

Authors: Longley, Neil

  • Explains how each of the four major leagues got to where they are today, and what competitive threats and opportunities they face as they move forward
  • Integrates theories and concepts from various disciplines, and stresses that a complete understanding of the issues requires a multi-disciplinary perspective
  • Illustrates real-world applications of strategic management principles using an industry (professional sport) that is of interest to a wide sector of the population
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  • ISBN 978-1-4614-9485-0
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Hardcover $129.00
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  • ISBN 978-1-4614-9484-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • ISBN 978-1-4939-4335-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book takes a multi-disciplinary approach to analyzing the nature of ‘competition’ and ‘competitive advantage’ within the U.S. pro sport industry. By many measures, the four major pro sports leagues in the U.S. – the National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL), and Major League Baseball (MLB) – are now some of the most successful business entities in the country. While these established leagues have generally been highly profitable throughout their respective existences, the past two decades have been particularly lucrative, with franchise values in all four leagues growing rapidly, and at levels well beyond market rates of return. Within this context, the book seeks to explore the nature of the competitive advantage that these leagues apparently possess. The purpose is to identify not only how these leagues have been able to get to where they are today, but also to examine the competitive threats and opportunities that these leagues face as they move forward. A key contribution of the book is that it analyzes these issues from a multi-disciplinary approach including a traditional economics perspective, public policy and public choice theory and strategic management, to provide a parallel explanation for the success of each of the four major leagues. It argues that no single conceptual approach can, in itself, adequately explain the full richness of the issue. Its stresses that these various approaches should generally be viewed as complements, rather than as being mutually exclusive, and that a full understanding of the issue requires one to adopt a multi-disciplinary perspective, making it of interest to scholars in strategic management, sport management, and economics. It can serve as an effective teaching tool in both graduate and upper-level undergraduate courses for students in these fields, and is particularly useful for faculties seeking to emphasize to their students the importance of a multi-disciplinary, integrative, approach when analyzing business and management issues. The book may also be of interest to leaders within the sport industry itself, and will help to provide insight and perspective as leagues seek to enhance their competitive advantage in the marketplace.

About the authors

Neil Longley has both an MBA and a PhD in Economics and has published 23 articles in peer-reviewed academic journals during his career, along with five chapters in edited scholarly books. His research has spanned several areas in applied microeconomics: public choice, public finance, labor economics, international trade, and sports economics. With the latter, his research pertaining to labor market discrimination in sports has been particularly influential, and has significantly impacted the direction of the literature in that area. His research has appeared in such journals as Applied Economics Letters, Public Choice, Contemporary Economic Policy, Atlantic Economic Journal, American Journal of Economics and Sociology, Journal of Sports Economics, and Managerial and Decision Economics, to name a few. Most recently, he had an article (co-authored with Leo Kahane and Rob Simmons) accepted for publication in the prestigious Review of Economics and Statistics. The paper uses a sport setting to examine the extent to which co-worker heterogeneity impacts firm-level output. Longley was the recipient of the 2010-11 “Outstanding Research Award” in the Isenberg School of Management, out of approximately 125 full-time faculty in the School.

Table of contents (8 chapters)

  • Introduction

    Longley, Neil

    Pages 1-7

  • Some Conceptual Foundations: A Primer on the Economic Structure of Professional Sport

    Longley, Neil

    Pages 9-21

  • The USFL as a Case Study

    Longley, Neil

    Pages 23-40

  • A Brief History of Post-World War II Rival Leagues

    Longley, Neil

    Pages 41-55

  • Explaining Competitiveness: Alternate Theoretical Frameworks

    Longley, Neil

    Pages 57-63

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-1-4614-9485-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-1-4614-9484-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • ISBN 978-1-4939-4335-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
An Absence of Competition
Book Subtitle
The Sustained Competitive Advantage of the Monopoly Sports Leagues
Authors
Series Title
Sports Economics, Management and Policy
Series Volume
5
Copyright
2013
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4614-9485-0
DOI
10.1007/978-1-4614-9485-0
Hardcover ISBN
978-1-4614-9484-3
Softcover ISBN
978-1-4939-4335-7
Series ISSN
2191-298X
Edition Number
1
Number of Pages
XIV, 119
Topics