The Combines Act
Beginning of paper
J.C.H. Jones's article "The Economics of the National Hockey League" (1969)
purpose is to explain through simple micro economics that the prime motive of
professional hockey team owners is profit maximization. The owners argue that
their main interest is "for the love of the game," not the financia ....
Middle of paper
.... compromising arguments such as the success of the team at
a given year and paid attendance for the team's venue.
By explaining the frame work of a professional sports league Jones introduces us
to factors that make an organized league function, which seems quite familiar to
any other monopolistic markets. Since no team can create any revenue by
themselves they must form a coalition with another club to produce a profit
generating output, namely a hockey game. Other clubs enter this coal ....
------------------
Word count: 739
Page count: 3 (approximately 250 words per page)
