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The Levitt report shows NHL revenues at 2.094 billion in 1998, throughout the lockout, the owners claimed that players were receiving 75% of the revenue.
- The Levitt report shows NHL revenues at 2.094 billion in 1998, throughout the lockout, the owners claimed that players were receiving 75% of the revenue. When the new CBA settled, players revenue was reduced to 54%. The new contract lasted 6 years long. Using the information above, calculate the owner's gain from this concession.
- Assume the owners' other expenses in a season were 328 million, calculate the profits for the league and determine the loss for the owners from this concession.
- Assume costs of fan irritation from the lockout is equal to owners' next best alternative, calculate the owners' break-even probability. Explain your results.
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
