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Journal of Economic Perspectives: Vol. 14 No. 3 (Summer 2000)
JEP Volume. 14, Issue 3 | 
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The Sports Business as a Labor Market Laboratory
Article Citation
Kahn, Lawrence M. 2000. "The Sports Business as a Labor Market Laboratory."
Journal of Economic Perspectives,
14(3): 75-94.
DOI: 10.1257/jep.14.3.75
DOI: 10.1257/jep.14.3.75
Abstract
With superior data on compensation and productivity, as well as the occurrence of abrupt, dramatic market structure and player allocation rules changes, sports labor markets offer an excellent setting in which to test economic hypotheses. This paper reviews evidence from sports in four areas: employer monopsony, discrimination, the Coase Theorem, and incentive contracts, supervision and performance. There is considerable evidence of monopsony as well as for the existence of some forms of discrimination against minority athletes. Incentive contracts have strong effects on player performance and behavior, and there is mixed evidence on the predictions of the Coase Theorem.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Kahn, Lawrence M. (Cornell U)
JEL Classifications
J40: Particular Labor Markets: General
L83: Sports; Gambling; Recreation; Tourism
J30: Wages, Compensation, and Labor Costs: General
L83: Sports; Gambling; Recreation; Tourism
J30: Wages, Compensation, and Labor Costs: General
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