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The Combines Act
Beginning of paper
J.C.H. Jones's article "The Economics of the National Hockey League" (1969)
purpose is to explain through simple micro economics that the prime motive of
professional hockey team owners is profit maximization. The owners argue that
their main interest is "for the love of the game," not the financial benefits of
owning a professional sports franchi ....
Middle of paper
....ting a formal league which we call the National Hockey League. Jones then
states how revenue is generated in the N.H.L and how it is affected by certain
factors.
A theoretical model of the N.H.L is created by Jones with all things being equal,
creating an equilibrium amongst all clubs. The model is then adjusted to real
life variables that turns h.... |
| Word count: 739 |
Page count: 3 |
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