Term
| Statistical Discrimination |
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Definition
| Occurs when employers judge individuals using group level measures of productivity. |
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Term
| The marginal revenue product of labor may be calculated as.....? |
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Definition
| the change in total revenue divided by the change in labor input. |
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Term
| Labor supply theory assumes that....? |
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Definition
| The price of leisure is equal to the wage |
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Term
| Which of the following does not represent an activity typically undertaken by sports leagues? |
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Definition
| Ensuring that existing franchises have sufficient competition within their geographical territories |
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Term
| As applied to a sports league, the Lorenz curve describes....? |
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Definition
| Points of unequal distribution of tournament winnings across players. |
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Term
| As applied in sports economics, club theory particularly aids in the analysis of....? |
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Definition
| The formation and behavior of leagues |
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Term
| Historically, the reserve clause....? |
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Definition
| Reinforced monosonistically exploitative employment practices in professional sports |
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Term
League expansion can increase the number of substitutes available to fans of the league.
Ceteris Paribus, this makes the demand for an existing team's tickets....? |
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Definition
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Term
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Definition
| Act to restrict market labor supply |
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Term
A veteran pro athlete is offered a salary increase but elects to retire from competition.
This athlete....? |
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Definition
| Exhibits a dominant income effect of salary variation. |
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Term
| Drafts of amateur athletes into pro leagues |
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Definition
| help to facilitate competitive balance in sports leagues. |
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Term
| Which of the following accurately describes monopsonistic exploitation? |
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Definition
| A monospsony employer pays wages less than labor's marginal revenue product |
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Term
| Research by the sports economist Neil Longley demonstrated....? |
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Definition
| The presence of hiring discrimination against French-Speaking hockey players. |
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Term
| The historical rise and fall of the Cinicinnati Red Stockings illustrates...? |
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Definition
| The need for organized leagues in early professional baseball. |
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Term
| Regarding an athlete's innate ability and access to training and experience,labor market discrimination in sports affects...? |
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Definition
| Access to training and experience but not innate ability. |
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Term
| For the owner of an expansion franchise, the net gains of expansion....? |
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Definition
| May be positive, negative or zero in any given year in the franchise's planning horizon. |
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Term
| The marginal revenue product of sports talent employed by a sports franchise...? |
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Definition
| Is increasing in the marginal product of sports talent. |
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