Chapter 12

Section 9: Review Questions - What are blackout laws?

Section 9: Review Questions - What is a speculative bubble? How can a bubble persist over time?

Section 10: Thought Problems - Explain the relationship between collective bargaining and the ability of players to take individual antitrust action against owners?

Section 13: Advanced Problems - Of the three explanations for why the growth rate in franchise prices has been higher than the normal rate of return, which is most plausible? (Justify your answer). AND, what is the role of government at both the state and local levels in your answer?

*Sports Economics*