For decades, sports economics has been set within the framework of equilibrium economics, in particular when modelling team sport leagues. Based on a conviction that this does not reflect real life, this book addresses a gap in the literature and opens up a new research area by applying concepts drawn from disequilibrium economics. It is divided into two parts, the first of which focuses on economic disequilibrium in sports markets and competitive imbalance in sporting contests. The second part concentrates on soft budget constraints and their consequences for club governance and management.

Contributors: W. Andreff, E. Franck, J.-P. Gayant, N. Le Pape, R.D. Macdonald, K. Nielsen, R.K. Storm, G.N. Tuck, D. van Reeth, A.R. Whitten

Contents:
1. A New Research Area: Disequilibrium Sports Economics
Wladimir Andreff

PART I ECONOMIC DISEQUILIBRIUM AND COMPETITIVE IMBALANCE
2. An Attempt at Disequilibrium Modelling a Team Sports League
Wladimir Andreff

3. Management Reference Points for Sporting Leagues: Simulating League Expansion and the Effect of Alternative Player Drafting Regulations
Geoff N. Tuck, Robert D. Macdonald and Athol R. Whitten

4. The Metrics of Competitive Imbalance
Jean-Pascal Gayant and Nicolas Le Pape

5. Disequilibrium on the Sports Programmes Market: The Gender Imbalance in TV Coverage and TV Viewership of the 2012 Olympic Games
Daam van Reeth

PART II TEAMS AND LEAGUES WITH SOFT BUDGET CONSTRAINTS
6. Soft Budget Constraints in European and US leagues: Similarities and Differences
Rasmus K. Storm and Klaus Nielsen

7. Governance of Professional Team Sports Clubs: Agency Problem and Soft Budget Constraint
Wladimir Andreff

8. Regulation in Leagues with Clubs’ Soft Budget Constraints: The Effect of the New UEFA Club Licensing and Financial Fair Play Regulations on Managerial Incentives and Suspense
Egon Franck

Index

125 $