Stefan Kesenne - The Economic Theory of Professional Team Sports: An Analytical Treatment

'Stefan Kesenne's work has added a new dimension to the literature by bringing a European perspective to the analysis of professional sports leagues. This text sets out his research programme in a clear and accessible manner. His work is profoundly influential in the sports literature and the lessons of this book need to be understood by all those interested in policies and practices of sports leagues.'
- Stefan Szymanski, Imperial College London, UK

`Stefan Késenne is one of the most innovative, clear-headed sports economists writing today. With this book, he has provided a thoughtful, accessible exegesis of the extant literature on the economic theory of team sports leagues. There is no book like this currently available. It will serve as an excellent text for advanced undergraduate and graduate courses in sports economics. I heartily recommend it.'
- Andrew Zimbalist, Smith College, US

This comprehensive new textbook presents the most rigorous, analytical treatment of the theory of professional team sports presently available.

In the first part of the book, Stefan Késenne explores the special characteristics of the industry, analyzing the product and player labor market under both the profit- and win-maximization hypothesis. He then goes on to investigate the impact of different league regulations such as the transfer system, revenue sharing arrangements and salary caps.

The Economic Theory of Professional Team Sports will undoubtedly become a classic in the field which every student, lecturer and researcher of the economics of sport will want on their shelves.