Microeconomic Theory of Small-Market Sports Teams

Today, one continually is informed by the various media outlets that so-called small-market teams cannot compete in the top-level leagues of the several commercial sports. The microeconomic theory generally used to support this contention involves (a) differences in demand for the product between cities with different population sizes and (b) variations in the capacity of cities of different size to respond the demands with changes in supply.

When charted, the demand curve for larger cities in relation to commercial sports products is expected to be to the right of the demand curve for smaller cities. Because larger cities have more people than smaller cities, more people will demand (a) more tickets to the ballparks, (b) more live broadcasts of games on television and radio, and (c) more team memorabilia. The level of demand, however, tends to be tempered by the success of teams on the field, on the floor, or on the ice. Thus, commercial sports franchises compete for the best talent that they can afford to maintain demand.

. . .
Some common words found in the essay are:
SPORTS SUCCESS, League Baseball, Cities Cities, Larger Cities, Accessed Internet, commercial sports, Detroit Tigers, Blue Jays, Philadelphia Phillies, Angeles Dodgers, Chicago Cubs, larger cities, winning percentages, accessed internet, accessed internet 2003-11-16, internet 2003-11-16, major league, major league baseball, league baseball, commercial sports franchises, winning percentage, small-market teams, success commercial, success commercial sports, larger cities cities,
Approximate Word count = 751
Approximate Pages = 3 (250 words per page)

More Essays on Microeconomic Theory of Small-Market Sports Teams