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The Combines Act
Beginning of essay
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 essay
....reated by Jones with all things being equal,
creating an equilibrium amongst all clubs. The model is then adjusted to real
life variables that turns his theoretical model into what we know as the N.H.L.
Jone's variables includes the incentive for teams to win (this being the Stanely
Cup), different quality of players, the amateur draft (a draft at the end of the
season which amateur players a selected, last place team gets first pick and so
forth), and player redistribution(trades).
By applying.... |
| Number of words: 739 |
Approximate pages: 3 |
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