2005-07-25 papers

on Sports and Economics

Issue of 2005–07–25
one paper chosen by
Humberto Barreto, DePauw University

Are Sports Teams Multi-Product Firms? By Kenneth G. Stewart; J. C. H. Jones

By:	Kenneth G. Stewart (Department of Economics, University of Victoria); J. C. H. Jones (Department of Economics, University of Victoria)
Abstract:	The appropriate conception of team outputs is investigated by estimating a two-output factor demand system for baseball teams, relative to which single-output models are rejected. There is, however, some empirical support for output separability, suggesting that team outputs may sometimes be adequately treated as a production aggregate.
Keywords:	Sports economics, multi-output production
JEL:	D24 L83
Date:	2005–07–21
URL:	https://d.repec.org/n?u=RePEc:vic:vicewp:0513

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