Market Demand for Sport



Market Demand for Sport

The purpose of this paper is to analyze the concept of market demand for sport by writing a crtique of selected articles. The articles provide a good insight of the market demand for sport from various view points. All the articles are being critiqued in context to certain literature and studies of other writers. This paper provides a comprehensive critique of the selected articles to present a common idea of the market demand for sport in the United States of America. It takes the true character and approach to reality, with an applicable program and not based on utopian elements that have nothing to do with the current scene.

Critical Analysis of Articles

The first journal is taken from “The Quarterly Journal of Economics”. The title is “The Peculiar Economics of Professional Sports; A Contribution to the Theory of the Firm in Sporting Competition and in Market Competition” by Walter C. Nealethe. Nealethe reading presents the results of serious thought about the problem, serious thought engaged in after choosing sides on the issue. Readers may find this area easier to follow because most are consumers, if not sports consumers, and are thus familiar with the reasons and the ways in which consumers enjoy sports. The writer has provided a very good approach here and utilizes other readings or concepts, which directly relates to the main topic. Overall, the article establishes good relation with the reader and the theoretical premise is utilized effectively. For example, it described the intensity of the fans such as some fans are die-hard fans and live and die with the fortunes of their teams. Other casual fans, while interested, do not suffer these same highs and lows. Finally, there are those that happen to attend a sporting event or watch a game on television because it is just another entertainment option that they happened to choose. Some or all of these fans may choose to buy sports apparel either to proclaim their loyalty to their teams or as a fashion statement. All of these consumers have one thing in common. They are all maximizing their own utility functions. The readers can relate themselves in different categories of sports fans, discussed here and the way they contribute to the economics of sports competition.

The second article is “The control of Externalities in Sports Leagues: An analysis of restriction in the National Hockey League”. The authors Dennis W. Carlton, Alan S. Frankel and Elisabeth M. Landes argue that even those people who do not care about sports will probably have a few thoughts on the subject when asked whether they think their taxpayer dollars should be used to fund a new stadium for their local professional team. The authors succcessfull provided few efficient demonstration of the restriction in sports joint ventures, with the example of NHL. The articles includes the facts and figures as well as charts to develop the argument and then statistically prove through regression analysis. One of the section of the research ...