The Combines Act

J.C.H. Jones's article "The Economics of the National Hockey League" (1969)
purpose is to explain through simple micro economics that the prime motive of
professional hockey team owners is profit maximization. The owners argue that
their main interest is "for the love of the game," not the financial benefits of
owning a professional sports franchise and to avoid government regulations such
as the Combines Act (note 1).

An article written in 1982 by J.A. Schofield entitled "The Development of First
Class Cricket in England," states the behavior of sport cartels. Three
hypothesises are used to explain the behavior described by Schofield, number two
being developed by J.C.H. Jones (1969). ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

make an organized league function, which seems quite familiar to
any other monopolistic markets. Since no team can create any revenue by
themselves they must form a coalition with another club to produce a profit
generating output, namely a hockey game. Other clubs enter this coalition thus
creating a formal league which we call the National Hockey League. Jones then
states how revenue is generated in the N.H.L and how it is affected by certain

A theoretical model of the N.H.L is created by Jones with all things being equal,
creating an equilibrium amongst all clubs. The model is then adjusted to real
life variables that turns his theoretical model into what we know as the N.H.L.
Jone's variables includes the incentive for teams to win (this being the Stanely
Cup), different quality of players, the amateur draft (a draft at the end of the
season which amateur players a selected, last place team gets first pick and so
forth), and player redistribution(trades).

By ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.

Already a member? Login


The Combines Act. (2003, December 26). Retrieved February 24, 2019, from
"The Combines Act.", 26 Dec. 2003. Web. 24 Feb. 2019. <>
"The Combines Act." December 26, 2003. Accessed February 24, 2019.
"The Combines Act." December 26, 2003. Accessed February 24, 2019.
Join today and get instant access to this and 50,000+ other essays

Added: 12/26/2003 10:10:02 AM
Category: Economics
Type: Premium Paper
Words: 739
Pages: 3

Save | Report


Save and find your favorite essays easier

» The Sedition Act Of 1798
» The Stamp Act
» The Townshend Act
» Hedda Gabler: “Evaluate The Ach...
» The Crucible: Act Four Analysi...
» Use Of Contrasts In Act I Of Th...
» Business And The Environment
» An Analysis Of The Term Actuall...
» The Color People
» One Flew Over The Cuckoo's Nest...
Copyright | Cancel | Contact Us

Copyright © 2019 Essayworld. All rights reserved