Book Reviews

2014 ◽  
Vol 52 (3) ◽  
pp. 870-871
Keyword(s):  
Multiple Equilibria ◽  
Professional Sports ◽  
Revenue Sharing ◽  
Empirical Testing ◽  
Exogenous Variables ◽  
Profit Maximizing ◽  
Salary Caps ◽  
The University ◽  
Simon Fraser University

Presents a model of a professional sports league that can display unsustainable runs—rapid improvements in a club's performance on the field, ice, or court that require implausibly large shifts in exogenous variables or parameters to fit traditional notions of profit-maximizing behavior—resulting from the presence of multiple equilibria. Discusses introducing unsustainable runs; casual evidence of unsustainable runs; a model of a professional sports league; a professional sports league model with unsustainable runs; unsustainable runs with revenue sharing the salary caps; and some empirical testing. Rockerbie is with the Department of Economics at the University of Lethbridge. Easton is with the Department of Economics at Simon Fraser University.

Player Mobility and Competitive Balance Regulation in Professional Sports Leagues

2021 ◽  
pp. 152700252110595
Author(s):  
Marco Runkel
Keyword(s):  
North American ◽  
Professional Sports ◽  
Revenue Sharing ◽  
Competitive Balance ◽  
Extended Version ◽  
Sports Leagues ◽  
The Difference ◽  
Salary Caps ◽  
Professional Sports Leagues

Competitive balance regulation is more widespread in North American than in Europan sports leagues. The present paper addresses the question whether this observation can be explained with the help of differences in the degree of player mobility. Using an extended version of the workhorse contest model of sports leagues, the paper shows that the answer depends on the kind of competitive balance regulation. While player mobility may help to explain the difference with respect to salary regulation (e.g., salary caps), the choice of revenue sharing schemes turns out to be independent of player mobility.

Book Reviews

2016 ◽  
Vol 54 (2) ◽  
pp. 589-591
Keyword(s):  
Graduate Students ◽  
Mechanism Design ◽  
Incentive Compatibility ◽  
Dominant Strategy ◽  
University Of Michigan ◽  
Dynamic Mechanism Design ◽  
Temple University ◽  
The University ◽  
Robust Mechanism Design

Dimitrios Diamantaras of Temple University reviews “An Introduction to the Theory of Mechanism Design,” by Tilman Börgers. The Econlit abstract of this book begins: “Presents explanations of classic results in the theory of mechanism design and examines the frontiers of research in mechanism design in a text written for advanced undergraduate and graduate students of economics who have a good understanding of game theory. Discusses screening; examples of Bayesian mechanism design; examples of dominant strategy mechanisms; incentive compatibility; Bayesian mechanism design; dominant strategy mechanisms; nontransferable utility; informational interdependence; robust mechanism design; and dynamic mechanism design. Börgers is Samuel Zell Professor of the Economics of Risk at the University of Michigan.”

In Conversation on the Royal Exchange Theatre, Manchester

2020 ◽  
Vol 36 (4) ◽  
pp. 369-383
Author(s):  
Rachel Clements ◽  
Sarah Frankcom
Keyword(s):  
Caryl Churchill ◽  
Cultural Organization ◽  
The University ◽  
Artistic Director ◽  
University Of Manchester ◽  
The Way ◽  
Death Of A Salesman

Sarah Frankcom worked at the Royal Exchange Theatre in Manchester between 2000 and 2019, and was the venue’s first sole Artistic Director from 2014. In this interview conducted in summer 2019, she discusses her time at the theatre and what she has learned from leading a major cultural organization and working with it. She reflects on a number of her own productions at this institution, including Hamlet, The Skriker, Our Town, and Death of a Salesman, and discusses the way the theatre world has changed since the beginning of her career as she looks forward to being the director of LAMDA. Rachel Clements lectures on theatre at the University of Manchester. She has published on playwrights Caryl Churchill and Martin Crimp, among others, and has edited Methuen student editions of Lucy Prebble’s Enron and Joe Penhall’s Blue/Orange. She is Book Reviews editor of NTQ.

Book Reviews

Journeys ◽  
2021 ◽  
Vol 22 (2) ◽  
pp. 83-92
Keyword(s):  
New York ◽  
Twentieth Century ◽  
North Carolina ◽  
University Of Chicago ◽  
Machu Picchu ◽  
Chapel Hill ◽  
The University ◽  
Literary Encounters ◽  
University Of Chicago Press

Randy Malamud, The Importance of Elsewhere: The Globalist Humanist Tourist. Chicago/Intellect, The University of Chicago Press, 2018, vii + 236 pp., ISBN-13: 978-1783208746, $29.50 (paperback).Mark Rice, Making Machu Picchu: The Politics of Tourism in Twentieth Century Peru (Chapel Hill, NC: University of North Carolina Press, 2018), xvi + 253 pp., ISBN 978-1-4696-4353-3, $28.75 (paperback).Jeffrey Mather, Twentieth-Century Literary Encounters in China: Modernism, Travel, and Form (New York: Routledge, 2020), ix + 182 pp., ISBN 978-1-03-208815-0, US $48.95 (paperback).

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