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Full Versus Half-Full Stadiums
Manage episode 310362235 series 3053306
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We use a simple microeconomic theoretical model to illustrate how it is possible to compare two professional sports teams, one of which sells-out every home game, and the other only half-fills their stadium -- yet the management of both teams are equally happy with the status quo.
Some material in these videos is based on textbook examples from: Sports Economics (3rd edn.) Selection from Fort, Leeds and von Allmen for Ross Booth (Monash University) and Liam Lenten (La Trobe University).
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