Price dispersion reflects ignorance in the marketplace in which different prices exist from the same or different sellers for a similar good. One of the sources of price dispersion is uncertain demand for a business’s good or service. Ticket markets are good opportunities to examine a firm’s pricing strategy under demand uncertainty, because professional sports teams have to price their tickets well in advance of the actual event and before actual demand is known. The purpose of the present research is to examine the relationship between price dispersion and regular season average attendance in Major League Baseball. Using a two-step generalized method of moments (GMM) model, the present research finds that an increase in price dispersion leads to a decrease in average attendance.
Brian P. Soebbing and Nicholas M. Watanabe
Chris Chard and Kirsty K. Spence
Three years ago, Steve Thornton purchased the South End Mustangs, a professional ice hockey team competing in the D1 division in the United Kingdom. Unfortunately, Thornton has experienced challenging times during his ownership tenure. The team has achieved mediocre results on the ice and poor results off the ice. Thornton knows he needs help to turn the Mustangs franchise around. Thus, as a result, he turns to John Tapner, a sport business owner, operator, entrepreneur, and advisor. Tapner is best known as a professional sport consultant and TV personality, representing his company Sports Rescue, which is the same name as his hit television show. When an owner calls Tapner, it is because a professional sports team is in trouble and needs to be rescued.
D. Brett King, Brittany L. Raymond and Jennifer A. Simon-Thomas
The 19th century can be characterized as a time of avid public interest in team and spectator sports. As diverse and challenging new sports were developed and gained popularity, many articles on a rudimentary sport psychology began to appear in cultural magazines in the United States and Great Britain. Athletes, physicians, educators, journalists, and members of the public wrote on topics such as profiles and psychological studies of elite athletes, the importance of physical training, exercise and health, and the detrimental effects of professional sports to the role of age, gender, and culture in sports. Although a scientific foundation for such observations was largely absent, some of the ideas expressed in early cultural magazines anticipate contemporary interests in sport psychology.
B. David Tyler
Time Value of Money (TVM) is an essential concept within finance, yet its fundamentals confuse many students. This case offers the TVM Decision Tree to guide students to logical solutions through a step-by-step approach that requires critical thinking about cash flows. Students follow a sport agent as she reviews contract offers for her client. She received four offers with payments structured in wildly different ways, including single payments, growing annuities, and delayed annuities. She must use her knowledge of TVM and the TVM Decision Tree to determine which contract will provide her client with the largest contact in terms of PV. She will find that the contracts with the largest nominal values are not necessarily worth the most in terms of PV. She will also see the impact that different discount rates can have in making her decisions, as well as learn about deferred compensation within professional sports.
Katherine L. Lavelle
The re/production of Chinese cultural identity is often fraught with contradictions. When China’s Yao Ming was drafted Number 1 in the National Basketball Association (NBA) draft, he was supposed to reinforce and transcend Chinese/ Asian identity. Yao’s entrance into the NBA signaled a new understanding of Asian identity in the United States. To study this phenomenon, the author examined commentary from television broadcasts of U.S. NBA games featuring a prominent Asian athlete (Yao Ming) using critical discourse analysis. Analysis of 13 games from Yao Ming’s 2nd and 3rd seasons revealed that Yao is linguistically constructed as a panethnic Asian/Chinese person. In addition, the analysis upholds the stereotypes that Asian people are a “model minority” and unfit to play professional sports. Given the dearth of Asian players in the NBA, how do linguistic representations of Yao Ming in game commentary reinforce Asian and Chinese cultural stereotypes or create a new identity of China?
Daryl Marchant and Petah Gibbs
Case example material of sport psychologists working with psychopathology in sport settings is limited. Applied sport psychologists need to be attuned to athletes with personality disorders because the effects of various disorders require substantial management as they can seriously impede individual potential and affect team harmony. In the present paper, a case example of an elite athlete presenting with symptoms of borderline personality disorder (BPD) is discussed at length. Critical incidents are described to show BPD manifested in a professional sports context. The complexities of providing competent, ethical, and realistic solutions to the athlete with BPD proved to be especially challenging. Issues that posed significant ethical or practical concerns included making an initial diagnosis, the referral process, maintaining confidentiality, and secondary needs.
Michael McDougall, Mark Nesti and David Richardson
The challenges encountered by sport psychologists operating within elite and professional sports teams have arguably been inadequately considered (Nesti, 2010). It has been suggested that this may be due to the inaccessibility of elite team environments (Eubank, Nesti, & Cruickshank, 2014; Nesti, 2010). The purpose of this research was to examine the challenges facing practitioners who operate in elite environments and to illuminate how these were experienced. Qualitative interviews with six experienced applied sport psychologists were conducted and a narrative themed analysis undertaken. Four main themes emerged as most prevalent and meaningful: challenges to congruence, a broader role: managing multiple relationships, the influence of elite sport cultures, and surviving and thriving were presented in narrative form. Practitioners provided experiential insight into how specific challenges were understood and dealt with, and how they are able to provide an effective service while managing themselves and the demands of the environment.
Wilbert M. Leonard
The present study contributes to, updates, and extends the literature on sport and social mobility by reconceptualizing and reoperationalizing the odds of attaining college and professional athlete status. Using 1990 U.S. census data and team rosters, rates for achieving college and professional sports “careers” were computed for men and women of color in the most popular U.S. sports. A methodological contribution of this research is that the norming variables employed in the statistical calculations were refined, that is, they were age, race/ethnicity, sport, and sex specific. This inquiry contains the most systematic, extensive, and refined measures for assessing the likelihood of achieving the ultimate in sport upward social mobility—major league professional athlete status. A discussion of why the odds of obtaining professional athlete status vary is explored along with some of the conceptual and operational issues created by the concept Hispanic.
Jean Harvey, Alan Law and Michael Cantelon
This paper maps the current ownership patterns of North American major professional sports franchises in order to assess the extent to which they are interconnected with media/entertainment conglomerates. First, the 120 franchises are classified according to owner’s industrial sector. Second, five models of linkages between franchises and media/entertainment corporations are followed by case studies representative of each. The paper concludes that indeed empirical evidence supports the alleged increasing control of North American pro sport franchises by large media/entertainment conglomerates. However, the paper also demonstrates that the phenomenon involves much more diversity than the major conglomerates commonly identified in the current literature. Finally, the paper discusses the impacts of this trend on sport, as well as on fans.
Shaun C. Tyrance, Henry L. Harris and Phyllis Post
This study examined the relationship between athletic identity, race, gender, sport, and expectation to play professionally and career planning attitudes (career optimism, career adaptability, and career knowledge) among NCAA Division I college student-athletes. Participants of this study consisted of 538 Division I student-athletes from four Bowl Championship Series institutions. Results of this study found that Division I student-athletes with higher athletic identities had lower levels of career optimism; Division I student-athletes who participated in revenue-producing sports had lower levels of career optimism; and student-athletes with a higher expectation to play professional sports were more likely to be optimistic regarding their future career and displayed higher athletic identities. Statistically significant findings indicated the following gender differences: male Division I student-athletes believed they had a better understanding of the job market and employment trends; males had more career optimism; and females had higher levels of athletic identity than their male counterparts. Implications for counseling student-athletes are addressed.