Beginning of Essay
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 ....

Middle of Essay
.... of the team at a given year and paid attendance for the team's venue. By explaining the frame work of a professional sports league Jones introduces us to factors that 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 factors. A theoretical model of the N.H.L ....