|
on Sports and Economics |
| By: | Ferrir, Richard |
| Abstract: | The most significant value added by Euro 2012 is undoubtedly the infrastructural changes. The event became a catalyst for the execution of more than two hundred projects for an amount of ca. PLN 100 billion. This paper focuses on the key projects, including above all the road construction projects, as well as those connected to road and rail infrastructure. Considering such significant outlays, the funding the preparation, particularly in a division into private and public sources, becomes an especially important issue. It is the predominant commitment of public funds that creates the need to justify their allocation, chiefly in the case of the sports venues, usually utilised by private sports clubs after the end of the event. Euro 2012 has been compared in this respect with other events of this rank, staged in Europe since the beginning of the 21st century. |
| Keywords: | Euro 2012, mega sporting event |
| JEL: | G14 |
| Date: | 2015–12–04 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68207&r=spo |
| By: | Ferrir, Richard |
| Abstract: | The most significant value added by Euro 2012 is undoubtedly the infrastructural changes. The event became a catalyst for the execution of more than two hundred projects for an amount of ca. PLN 100 billion. This paper focuses on the key projects, including above all the road construction projects, as well as those connected to road and rail infrastructure. Considering such significant outlays, the funding the preparation, particularly in a division into private and public sources, becomes an especially important issue. It is the predominant commitment of public funds that creates the need to justify their allocation, chiefly in the case of the sports venues, usually utilised by private sports clubs after the end of the event. Euro 2012 has been compared in this respect with other events of this rank, staged in Europe since the beginning of the 21st century. |
| Keywords: | Euro 2012, Mega sporting event |
| JEL: | F00 |
| Date: | 2015–12–04 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68208&r=spo |
| By: | Klypina, Daria |
| Abstract: | The article is about the problem of funding of professional sports from budgetary sources and methods of its solutions. The comparative analysis of the sources of financing of professional sports in the United States and Europe. The reasons of the impossibility of the transition Russian sports clubs on a commercial basis in the next 10 years. |
| Keywords: | professional, sport, economics of sports, sports finance, sports organization, financial management, profit, self-supporting, commercial |
| JEL: | D21 |
| Date: | 2015–12–06 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68406&r=spo |
| By: | Brad R. Humphreys (West Virginia University, Department of Economics); Hyunwoong Pyun (West Virginia University, Department of Economics) |
| Abstract: | Some professional athletes still face monoposony power in labor markets, underscoring the importance of estimating players' marginal revenue product (MRP) to assess its effects. We introduce two new empirical approaches, spline revenue functions and fixed-effects stochastic production functions, into the standard Scully (1974) approach to MRP estimation, and calculate Monoposony Exploitation Ratios (MERs) for position players in Major League Baseball over the 2001-2011 seasons. Estimates indicate that MERs are about 0.89 for rookie players, 0.75 for arbitration eligible players, and 0.21 for free agents. Recent collective bargaining agreements have reduced MERs for free agents, but had no effect on MERs for other players. |
| Keywords: | monoposony salary exploitation, Major League Baseball, marginal revenue product |
| JEL: | J24 J42 J52 L13 L40 |
| Date: | 2015–10 |
| URL: | http://d.repec.org/n?u=RePEc:wvu:wpaper:15-48&r=spo |