Property-Based Resources: Franchise Locations, Stadiums, and Players
For the purposes of the analysis in this book, the RBT has some advantages over both the traditional economics approach and the public choice approach in that it allows one to more explicitly consider the possible role of managerial choice as a variable influencing competitiveness in the pro sport industry. Relatedly, it allows one to more directly consider the notion of resources and, more importantly, the inimitability of these resources, as a source of competitive advantage. While it is clear that, by the very nature of the issue, established leagues possess certain resources that rival leagues do not, it is less clear as to why rival leagues have had such difficulty in imitating these resources. The first task in the analysis is to delineate the set of resources that are critical to pro sports leagues.
KeywordsSmall Market Major League Baseball Sport League Athletic Talent Spectator Sport
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