Published 11/7/2008
by Alan Bass
at Bleacher Report - NHL
Recently, I read an article about the NHL and relocation. It intrigued me to find out that in reality, relocation hurts the NHL more than it helps the league. How, you ask?
Well, I recently wrote a paper for an economics class about this topic, based on an article written by Dennis Carlton. Below is his introduction to the paper, along with my summary giving an explanation that would shock most anyone that knows the NHL.
"The Control of Externalities in Sports Leagues: An Analysis of Restrictions in the National Hockey League." Dennis W. Carlton et al. Journal of Political Economy , University of Chicago.
­ ­­­­­­­­­­­ “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 owned teams. (It now ...
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