Econ 281 Syllabus Spr 2011

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THE UNIVERSITY OF CHICAGO

Economics 28100 Spring Quarter 2011 Fridays, 8:30 – 11:20 a.m. Stuart 105

The Economics of Sports

Allen R. Sanderson Harper East 487 Office Ph: 702-9459 arsx@uchicago.edu http://home.uchicago.edu/~arsx/ Course Description: This is a course in microeconomics, applying traditional product and factor market theory and analysis to contemporary economic issues in professional and college athletics. Those include: the sports business; market structures and outcomes; the market for franchises; barriers to entry, rival leagues, contraction and expansion; cooperative, competitive, and collusive behavior among participants; player productivity and compensation; discrimination; public policy, including antitrust and other legislation, subsidies for new facilities, institutional rules, and tax policies, licensing and contracts; the media; ticket scalping and brokers. In light of recent (and forthcoming) labor-management disputes in the four professional leagues, franchise movements, activity and controversy surrounding public financing of sports facilities, concern over competitive balance, the use of performance enhancing substances, gambling, scandals in college athletics, and the economic impact of the Olympic Games (1992-2016), time will be allocated to those particular issues. Texts and Other Readings:

A. Required

Noll & Zimbalist (eds.),

Sports, Jobs and Taxes

(Brookings, 1997) Quirk & Fort,

Pay Dirt

(Princeton University Press, (1997)) Quirk & Fort,

Hardball

(Princeton University Press, 2009) Berri, Schmidt & Brook , The Wages of Wins (Stanford, 2007) Zimbalist,

May the Best Team Win

(Brookings, 2004) Zimbalist,

Circling The Bases

(Temple University Press, 2010) Moskowitz & Wertheim,

Scorecasting

(Crown, 2011) Sanderson, Handouts (to be distributed in class)

B. Sports Economics Texts

Fort,

Sports Economics

(Prentice Hall, 2006) Leeds and Von Allmen,

The Economics of Sports

(Addison Wesley Longman, 2002 and 2004) Sandy, Sloane & Rosentraub.

The Economics of Sport: An International Perspective

(MacMillan, 2004)

C. Other Recent Books of Interest

Abrams,

Legal Bases

(Temple University Press, 1998) Andre and James,

Rethinking College Athletics

(Temple University Press, 1991) Baim,

The Sports Stadium as a Municipal Investment

(Greenwood Press, 1994) Barra,

Clearing the Bases

(St. Martin’s Press, 2003) Berri & Schmidt,

Stumbling on Wins

(FT Press, 2010) Bowen & Levin,

Reclaiming the Game

(Princeton University Press, 2003) Bradbury,

The Baseball Economist

(Dutton, 2007);

Hot Stove Economics

(Springer, 2010) Burk,

Much More Than a Game

(UNC Press, 2001) 1

Byers,

Unsportsmanlike Conduct

(The University of Michigan Press, 1995) Cagan & deMause,

Field of Schemes

(Common Courage Press, 1998) Clotfelter,

Big-Time Sports in American Universities

(Cambridge University Press, 2011) Costas,

Fair Ball

(Main Street Books, 2000) Danielson,

Home Team

(Princeton University Press, 1997) Delaney & Eckstein,

Public Dollars, Private Stadiums

(Rutgers University Press, 2003) Dobson & Goddard,

The Economics of Football

(Cambridge University Press, 2001) Edge,

Red Line Blue Line Bottom Line

(New Star Books, 2004) Euchner,

Playing the Field

(The Johns Hopkins University Press, 1993) Fleisher, Goff, and Tollison,

The N.C.A.A.

(The University of Chicago Press, 1992) Fort and Fizel, (eds).,

The Economics of College Sports

(Praeger, 2004) Fort and Fizel, (eds).,

International Sports Economics Comparisons

(Praeger, 2004) Gavora,

Tilting the Playing Field

(Encounter Books, 2002) Gennaro,

Diamond Dollars

(Maple Street Press, 2007) Goff & Tollison,

Sportometrics

(Texas A&M Press, 1990) Helyar,

Lords of the Realm

(Villard Books, 1994) Hoberman,

Darwin's Athletes

(Houghton-Mifflin, 1997) Hogshead-Makar & Zimbalist (eds),

Equal Play: Title IX and Social Change

(Temple, 2007) Johnson,

Minor League Baseball and Local Economic Development

(Univ. of Illinois Press, 1994) Jones,

Sports Law

(Prentice Hall, 1999) Kern (ed),

The Economics of Sports

(2000) Kesenne,

The Economic Theory of Professional Team Sports

(E. Elgar, 2007) Kuhn,

Hardball: The Education of a Baseball Commissioner

(McGraw-Hill, 1988) Kuper & Szymanski,

Soccernomics

(Nation Books, 2009) Lawrence,

Unsportsmanlike Conduct

(Praeger, 1987) Leifer,

Making the Majors

(Harvard University Press, 1995) Lewis,

Moneyball

(W.W. Norton, 2003);

The Blind Side

(W.W. Norton, 2006) Lupica,

Mad as Hell

(Putnam, 1996) Marburger, (ed),

Stee-Rike Four! What’s Wrong with the Business of Baseball?

(Praeger, 1997) Miller,

A Whole Different Ball Game

(Simon & Schuster, 1991) Morgan,

Glory for Sale

(Bancroft Press, 1997) Preuss,

The Economics of Staging the Olympics

Elgar, 2004) Rich,

The Economics and Politics of Sports Facilities

(Quorum Books, 2000) Riess,

City Games: The Evolution of American Urban Society & the Rise of Sports

(U.of Ill. Press, 1989) Rosentraub,

Major League Losers

(Basic Books, 1997) Sack,

Counterfeit Amateurs

(Pennsylvania Press, 2008) Sands & Gammons,

Coming Apart at the Seams

(Macmillan, 1993) Scully,

The Business of Major League Baseball; The Market Structure of Sports

(UC Press, 1989, 1995) Shmanske,

Golfonomics

(World Scientific, 2004) Shropshire,

The Sports Franchise Game

(The University of Pennsylvania Press, 1995) Shropshire & Davis,

The Business of Sports Agents

(University of Pennsylvania Press, 2003) Shulman & Bowen,

The Game of Life

(Princeton University Press, 2000) Sommers, (ed.),

Diamonds Are Forever

(The Brookings Institution, 1992) Sperber,

College Sports Inc; Onward to Victory; Beer & Circuses

(Henry Holt & Co.,1991, 1998, 2000) Staudohar & Mangan, (eds.),

The Business of Professional Sports

(University of Illinois Press, 1991) Sullivan,

The Diamond Revolution

(St Martin's Press, 1992);

The Diamond in the Bronx

(Oxford, 2001) Szymanski,

Playbooks and Checkbooks

(Princeton University Press, 2009) Szymanski,

The Comparative Economics of Sport

;

Football Economics & Policy

(both Palgrave, 2010) Szymanski & Zimbalist,

National Pastime

(Brookings, 2005) Thelin,

Games Colleges Play

(Johns Hopkins Press, 1994) Weiler,

Leveling the Playing Field

(Harvard University Press, 2000) White,

Creating the National Pastime

(Princeton University Press, 1996) Whitford,

Playing Hardball

(Doubleday, 1993) Whiting,

The Meaning of Ichiro

(Warner Books, 2004; aka

The Samurai Way of Baseball

) 2

Yost,

Varsity Green

(Stanford, 2010) Zimbalist,

Baseball and Billions

(Basic Books, 1992);

Unpaid Professionals

(Princeton, 1999) Zimbalist,

In the Best Interests of Baseball

(Wiley, 2006);

The Bottom Line

(Temple, 2006)

D. Journal Articles, Recent Newspaper/Magazine Pieces, and Working Papers

Noted on the assignment schedule plus various issues of the

Journal of Sports Economics; Chance, Managerial & Decision Economics

;

American Economist, Economic Inquiry

,

Contemporary Economic Policy;, Southern Economics Journal

,

Marquette Sports Law Journal

,

The Baseball Prospectus,

and

Sports Business Journal.

E. Collections/Compoilations of Articles, Classics and Historical Works

Andress and Szymanski (eds),

Handbook on the Economics of Sport

(E. Elgar, 2006) Asinov,

Eight Men Out

(Henry Holt and Company, 1963) Demmert,

The Economics of Professional Team Sports

(D.C. Heath, 1973) Dworkin,

Owners Versus Players: Baseball and the Collective Bargaining Process

(Auburn House, 1981) Fizel

et al

, (eds),

Baseball Economics

(Praeger, 1996) Fizel, (ed.), Handbook of Sports Economics Research (M.A. Sharpe, 2006) Hendricks,

Advances in the Economics of Sports

, Vols. 1 and 2 (JAI Press, 1993 and 1997) Humphrey and Howard (eds),

The Business of Sports

, 3 volumes (Praeger, 2008) Levine,

A.G. Spalding and the Rise of Baseball

(Oxford University Press, 1985) Noll, ed.,

Government and the Sports Business

(The Brookings Institution, 1974) Peterson,

Only the Ball was White

(Prentice-Hall, 1970) Seymour,

Baseball: The Early Years

(Oxford University Press, 1960) Shmanske & Kahane, eds.,

The Oxford Handbook of Sports Economics

, Vol 1 & 2 (Oxford U Press, 2011) Ward and Burns,

Baseball

(Knopf, 1994) Zimbalist,

The Economics of Sport

, Volumes I & II (Edward Elgar, 2001)

F. Complementary Fields

De Vany,

Hollywood Economics

(Routledge, 2004) Feldstein (Ed),

The Economics of Art Museums

(University of Chicago Press, 1991) Heilbrun and Gray,

The Economics of Art and Culture

(Cambridge University Press, 2001)

Journal of Cultural Economics

Throsby,

Economics and Culture

(Cambridge University Press, 2001) Tisdell (Ed),

The Economics of Tourism

(Edward Elgar, 2000 ) Vogel,

Entertainment Industry Economics

(Cambridge University Press, 1992)

G. Some Useful Sports Web (and/or Data) Resources

http:/www.sportingnews.com http://www.hardballtimes.com

http://espn.com (and http://nbc.com, http://foxsports.com, http://cnnsi.com) 3

http://nba.com

(

and/or nhl.com, ndfl.com, mlb.com

and http://www.baseball.com) http://sfan.com

http://www.teammarketing.com/fci http://www.majorleaguesocce.com http://www.stats.com

http://www.forbes.com http://www.majorleaguebaseball.com (and http://www.minorleaguebaseball.com) http://www.sabr.org http:/www.ballparks.com http://www.stat.duke.edu-bos/sis/sports.html http://www.retrosheet.org http://www.totalbaseball.com http://cbafaq.com

http://www.nascar.com http://mlbcontracts.blogspot.com/ http://www.atptour.com (and http://www.pgatour.com, http://www.pbatour.com) http://www.prorodeo.com http://bizofbasketball.com

http://www.tennislovers.com (and http://usta.com) http://bizofbaseball.com

http://www.streetandsmiths.com http:/www.nflpa.org (and http:/www.mlbpa.org) http://bizoffootball.com

http://ncaa.org/wps/wcm/connect/public/NCAA/Resources/Research http://www.ncaa.org http:/www.82games.com http:/bballsports.com http:/www.baseball-reference.com http://rodneyfort.com/SportsData/BizFrame.htm

http://www.olympic.org/uk/organisation/facts/introduction/index_uk.asp

4

Written Assignments: [Note: Subject to change, contingent upon enrollment.] To pass the course, each student is required to write and submit two papers. The first should be an op-ed style, 1000-2000 words, and individually authored on a topic assigned by the instructor. It is due no later than 8:30 a.m. on April 29 – no extensions, no exceptions. The second should be 8-10 pages in length (double-spaced, typed, 2000-2500 words), not including tables, computer results/printouts, footnotes and/or bibliography. The choice of topic is left to the individual student(s), though it must be approved by the instructor and course assistant, and the paper must contain some original empirical work. In most/all instances, this second writing assignment will be a joint project with one or two other students/authors. A 100-word proposal for approval is due April 15; it will be returned on April 22. This second paper is due no later than noon on May 31. Copies of some “Grade A” joint course papers from recent years are on Regenstein reserve. Examination: There is no midterm exam. There will be a written, in-class (no notes or books) final examination. The format will be a mix of short answer, problem, graphing, interpretation, and essay questions. It is scheduled for May 27, during our regular class time slot. [Because grades for graduation seniors – who will constitute a large portion of the enrollment – are due by June 5 at 3 p.m., everyone will take the same final exam – and “early.”) Copies of Economics 281 examinations from 1994 through Spring 2009 are available for purchase in Social Sciences 101, on Regenstein hard-copy reserve and on line (via Chalk). Course Assistant: Mickey Ferri, a fourth-year graduate student in the Department of Economics, will work with us as a course assistant. In addition to holding regular scheduled office hours throughout the quarter, Mickey ( mferri@uchicago.edu

) will hold a series of "research and writing workshops" during weeks 3, 4, and 5 to provide students with the appropriate analytical quantitative and econometrics theory and practical techniques for the successful completion of the paper, in addition to computer lab sessions on basic STATA operations and commands. Attendance of these sessions is highly recommended. Mickey's office hours will be Mondays 2-3:15 p.m. in Stuart Cafeteria. Grading: Subject to change, contingent upon enrollment The final course grade will be determined on the basis of regular attendance, productive classroom participation, the two papers, and performance on the final examination. The approximate weights are: Attendance = 8% Class Participation “Op-Ed” Piece = 8% = 10% Jointly-Authored Research Paper = 24% Final Examination = 50% Office Hours:

Note:

For students in the College, the course must be taken for a letter grade; P/F is not an option. Mondays, 9:30 – 11 a.m., Wednesdays, 3:30 - 5 p.m. and Thursdays 11 a.m. to noon; other times by appointment. My secretary is Grace Hammond; her office is RO 229; her phone is 834-6672; and her e-mail address is gohammond@uchicago.edu

5

Week 1 2 Weekly Reading, Lecture/Discussion, and Assignment Schedule: Days/Dates Lecture/Discussion Topics and Readings April 1

Introduction to the Course and to The Economics of Sports

a) Overview and Assignments b) Measurement, Modeling and Quantification in Sports c) Review: Microeconomic Theory and Applications d) The Economic Nature of Sports Leagues & Their Governance e) The History: Rules, Institutions, Structure and Organization f) The Economics of Monopolies and Cartels Zimbalist,

Circling The Bases,

Chapter 1 Moskowitz & Wertheim,

Scorecasting

, all Berri, Schmidt & Brook, Chapter 1 (2006) Quirk & Fort (2009), Chapter 1 Sanderson, “Bottom-Line Drive” & “The Puzzling Economics of Sports” Sanderson and Rasinski, “No Place Like Home?”

Oeconomica

Sykes, “An Introduction to Regression Analysis” Quirk & Fort (1997), Chapter 1 Rosentraub (1997), Chapters 1 and 2 Scully (1995), Part One; Scully (1989), Chapters 1-4. Staudohar & Mangan, Introduction & Chapter 1 Szymanski, “The Economic Design of Sporting Contests,”

JEL

, Vol XLI, No. 4 (December 2003) Zimbalist (1992), Preface, Introduction and Chapters 1 & 2 Neale, “The Peculiar Economics of Professional Team Sports,”

QJE,

Vol. 78 (February 1964).

The Economics of College Athletics

April 8 a) Historical Overview; the NCAA as a Cartel b) Economic Issues on Campus, including Title IX / Gender Equity Sanderson, Handout Packet Zimbalist,

Circling The Bases

, Chapters 2, 3 & 4 Zimbalist,

The Bottom Line,

Part V Kern, Chapter 4 Andre and James,

Rethinking College Athletics

Byers,

Unsportsmanlike Conduct

Fleisher, Goff, and Tollison,

The N.C.A.A.

Koch, “Intercollegiate Athletics: An Economic Explanation,”

SS Quarterly

, Vol. 64, 1983. Sperber,

College Sports Inc.; Onward to Victory; Beer and Circuses

Thelin,

Games Colleges Play

Goff and Tollison,

Sportometrics

, Part V De Brock

et al

, “The Economics of Persistence,”

JHR

, Vol. 31(3), Summer 1996. Zimbalist,

Unpaid Professionals

Shulman and Bowen,

The Game of Life

Bowen and Levin,

Reclaiming the Game

Weekly Reading, Lecture/Discussion, and Assignment Schedule: 6

Week 3 4 Days/Dates April 15 April 22 Lecture/Discussion Topics and Readings

Professional Sports Markets

a) Aspects of Demand and Supply b) Pricing, Revenues, Costs, & Profits c) PSLs, Luxury Suites, Season Tickets and Scalping/Touting d) Structures, Incentives, Competition, Cooperation and Balance e) Drugs, Alcohol and Gambling; “Natural Competition” Zimbalist,

Circling The Bases

, Chapter 8 Berri, Schmidt & Brook, Chapter 2-5 (2006) Sanderson, Handout Packet Zimbalist, Chapters 1-4 (2004); Zimbalist,

The Bottom Line,

Part II Kern, Chapters 1 and 5 Quirt & Fort (1997), Chapters 2 and 7 Noll and Zimbalist, Chapter 1 Scully (1989), Chapters 5, 6, and 7 Staudohar & Mangan, Chapter 9 and 10 Zimbalist (1992), Chapters 2 and 5 and pages 101-104, 140-146 El Hodiri and Quirk, “An Economic Model of a Professional Sports League,”

JPE

(March/April 1971), 1302-1319 Fort and Quirk, “Cross-subsidization, Incentives, and Outcomes,”

JEL

, Vol. XXX111, (September 1995), pp. 1265-1299. Whitney, “Bidding Till Bankrupt,”

Economic Inquiry

, Vol. XXX1, January 1993, 100-115 Goff and Tollison,

Sportometrics

, Parts III, IV, and VII Happel and Jennings, “Assessing the Economic Rationale and Legal Remedies For Ticket Scalping,”

Journal of Legislation

, 1989. Courty, “Some Economics of Ticket Resale,”

JEP

, Spring 2003 Taylor and Trogdon, “Losing to Win: Tournament Incentives in the NBA,”

Journal of Labor Economics

, Jan 2002 Sanderson, “The Many Dimensions of Competitive Balance,”

JSE

Sanderson and Siegfried, “Thinking About Competitive Balance”,

JSE

Nov 2003 & Comments by Fort, Humphreys, and Kahane

The Market for Sports Franchises

a) The Market for Franchises and Franchise Finances b) Entry, Expansion, and Rivals Zimbalist,

The Bottom Line,

Part I Quirk & Fort (1997), Chapters 2, 8 & 9; Q & F (2009), Chapters 5 & 6 Scully (1995), Part Three Zimbalist (1992), Chapters 3 and 6 Whitford,

Playing Hardball

Rosentraub (1997), Chapter 3 Noll, “The Economics of Baseball Contraction,”

JSE

, Nov. 2003 Carlton, Frankel & Landes, “The Control of Externalities in Sports Leagues,”

JPE

, v. 112, no. 1, pt 2, 2004 7

Week 5

X

Weekly Reading, Lecture/Discussion, and Assignment Schedule: Days/Dates Lecture/Discussion Topics and Readings April 29

Rain Delay The Input Side: Sports Labor Markets

a) Historical Overview b) The Reserve Clause and other Institutions c) Labor Unions and Bargaining Power d) Players' Contemporary Labor Markets e) Pay and Performance; Incentives f) The Supply of Talent, and Training g) Coaches/Managers, Agents, Referees/Umpires Zimbalist,

Circling The Bases

Chapter 5 Zimbalist, Chapter 5 (2004); Zimbalist,

The Bottom Line,

Part IV Kern, Chapter 5 Hausman and Leonard, “Superstars in the National Basketball Association,”

Journal of Labor Economics

, 15(4), 1997. Quirk & Fort (1997), Chapters 5 & 6; Q & F (2009), Chapters 3 & 4 Rosen and Sanderson, “Labor Markets in Professional Sports,”

Economic Journal

, February, 2001 Sanderson and Siegfried, “The Implications of Athlete Freedom to Contract: Lessons from North America,”

Economic Affairs

, September 1997. Kahn, “The Sports Business as a Labor Market Laboratory,”

JEP

, Summer 2000. Scully (1995), Part Two; Scully (1989), Chapters 8 & 10 Staudohar & Mangan, Chapters 3, 5, 6, 11, & 12 Zimbalist (1992), Chapters 1 & 4, Appendices A and B Rottenberg, “The Baseball Players’ Labor Market,”

JPE,

June 1956, 242 258 Sanderson & Siegfried,“Simon Rottenberg & Baseball,”

JPE

, June ‘06 Rosen, “The Economics of Superstars,”

AER,

December 1981 Siegfried, “Sports Player Drafts and Reserve Systems,”

CATO Journal

, 14(3), Winter 1995. Hadley

et al

, “Performance Evaluation of NFL Teams,”

MDE

, 2000. Goff and Tollison,

Sportometrics

, Part VII

Marquette Sports Law Journal

, Volume 9, Spring 1999 Zimbalist, “Labor Relations in Major League Baseball,”

JSE

, Nov 2003

Game Theory

Moskowitz & Wertheim,

Scorecasting,

all Berri, Schmidt & Brook, Chapers 6-10 (2006) Dixit and Nalebuff,

Thinking Strategically

Chiappori, Levitt and Groseclose, “Penalty Kicks in Soccer,”

AER

, September 2002, 1138-1151 Duggan and Levitt, “Winning Isn’t Everything,”

AER

, Dec. 2002, 1594-1605. Romer, “It’s 4 th Down,” (JPE) Various

New York Times

articles (to be handed out in class) 8

Week 6 7 Weekly Reading, Lecture/Discussion, and Assignment Schedule: Days/Dates Lecture/Discussion Topics and Readings May 6 May 13

Discrimination in Sports

a) The Economics of Discrimination b) Racial Discrimination: Compensation, Position, Revenues c) Sex Discrimination, including Gender Equity d) Other Dimensions Kern, Chapter 6 Scully (1995), Part Four Scully (1989), Chapter 9 Staudohar & Mangan, Chapter 4 Gwartney & Haworth, “Employer Costs and Discrimination: The Case of Baseball,”

JPE

(1974), 873-881 McCormick and Tollison, “Why do Black Basketball Players Work More For Less Money?” (mimeo) Gabriel, Johnson and Stanton, “An Examination of Customer Racial Discrimination in the Market for Baseball Memorabilia,”

The Journal of Business

, 68(2), April 1995. Kahn, “Discrimination in Professional Sports,”

Industrial and Labor Relations Review,

April, 1991. Szymanski, “A Market Test for Discrimination,”

JPE

(2000), 590-603. Madden, “Differences in the Success of NFL Coaches by Race, 1990-2002,”

JSE

, Feb. 2004 Zimbalist,

Unpaid Professionals

Public Policy and Professional Sports

a) The Economic Role of Government b) Antitrust Laws and Sports Labor Law c) Tax Laws, Taxes, and Subsidies d) Economic Impact Studies and Analyses e) The Media and Broadcasting Zimbalist,

Circling The Bases

Chapter 6 Zimbalist, All (2004) Zimbalist,

The Bottom Line,

Part IV & Part VI Quirk & Fort (1997), Chapters 3 & 5; Q & F (2009), Chapters 2, 7 & 8 Staudohar & Mangan, Chapters 2, 7, 8, and 13 Zimbalist,

Baseball and Billions

, Chapters 3, 6, 7, and 8 Euchner,

Playing the Field

Rosentraub, (1997), Chapters 4, 5, 11 and 12 Papers by Abrams, Roberts and Ross, Analysis”

JSE

, Nov. 2003 Porter, “Mega-Sports Events as Municipal Investments” Zimmerman, “The Baseball Strike and Federal Policy: An Economic Zipp, “The Economic Impact of the Baseball Strike of 1994,”

Urban Affairs Review

, 32(2), November 1996, 157-185. Scully (1989), Chapter 11 9

Week 8

Y 9 Z

Weekly Reading, Lecture/Discussion, and Assignment Schedule: Days/Dates Lecture/Discussion Topics and Readings May 20

Stadium/Ballpark/Arena Economics The Olympics Games, 1896-2016

Zimbalist,

Circling The Bases,

Chapter 7 Zimblaist, Chapter 6 (2004) Zimbalist,

The Bottom Line,

Part III Kern, Chapters 2 and 3 Noll and Zimbalist, all (especially chapters 1,2, 4 and 15) Quirk and Fort (1997), Chapter 4 Rosentraub (1997), Chapters 6,7,8,9 and 10 Baim,

The Sports Stadium as a Municipal Investment

Porter, “Mega-Sports Events as Muncipal Investments” Baade, “Professional Sports as Catalysts for Metropolitan Economic Development,”

Journal of Urban Affairs

, 18(1), 1996. Baade and Sanderson, “The Employment Effects of Teams and Sports Facilities,” in Noll and Zimbalist (Chapter 3) Baade and Sanderson, “Cities Under Siege,” in Hendricks, Vol. 2 Baade and Sanderson, “Bearing Down in Chicago,” in Noll and Zimbalist, (Chapter 10) Sanderson (Handouts) Sanderson, “In Defense of Sports Stadiums,”

Marquette Sports Law Journal

, Volume 10, Spring 2000 Siegfried and Zimbalist, “The Economics of Sports Facilities and Their Communities,”

Journal of Economic Perspectives

League Sports Franchise?” , Summer 2000 Rappaport and Wilkenson, “What are the Benefits of Hosting a Major

Federal Reserve Bank of Kansas City Economic Review,

First Quarter, 2001 Sanderson, “A Home for the Chicago Bears” (manuscript) Coates and Humphreys, “Caught Stealing: Debunking the Economic Case for D.C. Baseball”

NOTE: Joint Research/Course Paper Due No Later Than Noon on May 31 May 27 Final Examination (in class; 8:30 – 11:20 a.m.) Extra Innings

[

If We Were on a Semester System]

a) b) c) d) e) f) g) h) International Aspects and Contemporary Sports Issues Soccer / Futbol Auto Racing, Horse Racing, Boxing and Other Sports The Economics of Women’s Sports Sports and the World of Entertainment Minor Leagues Sports Statistics and Analyses Sports and Economics in 2025 10

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