Economics of Sports and Recreation
Kindly ADD to CART and Purchase the Full Answer at $5.99 ONLY.
1- What are the typical rationing devices used in sports markets? If price is eliminated as a rationing device is competition for tickets eliminated? Why or why not?
2- What arguments support the ban on ticket scalping? Identify the groups that lobby for and against antiscalping laws. Explain their interest in the legislation. There are 35 states that do not prohibit ticket scalping and 15 states do. Using the arguments against ticket scalping, can you see why some states have antiscalping statutes and others do not?
3- In an APA formatted paper please research and analyze the following:
The Tampa Bay Rays do not sell out the stadium (they have low attendance) – however they have high viewership with the lucrative TV deals. Is this due to the demographic of the area, cost of the seats, location of the stadium, or other reasons? Using research try to determine the reason.
The Tampa Bay Rays are not the only team suffering from low attendance. Could this be due to the high number of Baseball games in a year (162) -is the market saturated? Should the MLB reduce the number of games? What would be most beneficiary financially? and Why ?
Roger D. Blair (2011). Sports Economics. Cambridge University Press