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Baseball economics - Essay Example

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The New York Yankees have no obligation to share some of their revenues with other teams that have a weaker economic base. However, with the situation in baseball where small market teams are unable to afford maintaining their teams, there may come a time when very few teams will be able to operate, thus stunting the growth of American baseball and destroying the concept of baseball as the national American sport…
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Baseball economics

Download file to see previous pages... A libertarian is one who prioritizes individual rights over the welfare of the state, one who advocates maximizing individual rights and minimizing the role of the state (AHD, 2000a). On the other hand, utilitarianism is the belief that the value of a thing or an action is determined by its utility or usefulness (AHD, 2000b). Bowie Kuhn's view is that the introduction of massive cable television broadcasts of baseball will be economically bad for the sport because it will reduce gate receipts and network television revenues, as well a make watching baseball games available to cities without the consent of anybody in baseball management. From the point of view of baseball team owners, who derive revenues from the games, Kuhn's view is libertarian and anti-utilitarian. It prioritizes the rights of the baseball team owners and those of baseball management. However, from the point of view of baseball fans, it is anti-libertarian because it prioritizes the welfare of a few over those of the general public. ...Download file to see next pagesRead More
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