The Control of Externalities in Sports Leagues: An Analysis of Restrictions in the National Hockey League

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Dennis W. Carlton; Alan S. Frankel; Elisabeth M. Landes;
  • Journal: Journal of Political Economy,volume 112,issue S1 February,pages268-268

This paper provides one of the few successful demonstrations of the efficiency of certain types of restrictions in the context of a joint venture. The joint venture we examine is the National Hockey League (NHL) in the 1980s, which was then composed of 21 separately own... View more
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