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The Peculiar Economics of Professional Sports: A Contribution to the Theory of the Firm in Sporting Competition and in Market Competition

Walter C. Neale
The Quarterly Journal of Economics
Vol. 78, No. 1 (Feb., 1964), pp. 1-14
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1880543
Page Count: 14
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The Peculiar Economics of Professional Sports: A Contribution to the Theory of the Firm in Sporting Competition and in Market Competition
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Abstract

Louis-Schmelling paradox, 1.--The inverted joint product or the product joint, 2.--League standing effect, 3.--Fourth estate benefit, 3.--Multifirm plants, 5.--Diminishing quality returns, 8.--Input-enthusiasm effect, 8.--Roger Maris cobweb, 12.--Bobby Layne rigidity, 12.--Archie Moore invisibility, 13.

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