Managerial Objectives: A Retrospective on Utility Maximization in Pro Team Sports. (February 2015)

• Record Type: Journal Article
• Authors: Fort, Rodney
• Is Part Of: Scottish journal of political economy. Volume 62:Number 1(2015)
• Page Start: 75
• Page End: 89
• Publication Date: 2015-02
• Subjects: Great Britain -- Economic conditions -- 1945-1964 -- Periodicals; Great Britain -- Economic conditions -- 1964-1979 -- Periodicals; Great Britain -- Economic conditions -- 1979-1997 -- Periodicals; 330.9411005
• DOI: 10.1111/sjpe.12061
• Languages: English
• ISSNs: 0036-9292

Abstract

<abstract abstract-type="main" id="sjpe12061-abs-0001"> <title>Abstract</title> <p>This is an essay review of the literature on utility maximization as a managerial objective in pro team sports. It ends up that there is a heretofore‐unrecognized parallel development of the idea, in English football by Sloane [<italic>Scottish Journal of Political Economy</italic> (1971), <bold>17</bold>, 121] and in North American pro sports by Quirk and El Hodiri, presented in that same year but not published as a conference proceeding until 1974. I review these works and place the rest of the extant literature chronologically, noting their level of generality along a couple of dimensions. I also observe a lack of a clear reference lineage in this literature and suggest one. Adopting it should aid future researchers who are trying to place their work in the context of this literature. [It would have helped me, for example.]</p> </abstract>