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Study Guides for ECON254 at University of Waterloo

Economics of Sport

ECON254 Study Guide - Midterm Guide: Vertical Integration

What do leagues do to achieve competitive balance? 1. Salary Caps, and Luxury Taxes – In order to ensure that there is a degree of parity between teams, leagues often institute salary caps and luxury taxes. ...

Economics
ECON254
Phillip Curry
ECON254 Study Guide - Midterm Guide: Sin Tax, Monopsony, Reserve Clause

Labour Economics – examine how player’s salaries are determined. • Players salaries have grown so fast • The standard model considers employees potential to be identical – which is NOT true As someone g...

Economics
ECON254
Phillip Curry
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