A Overview of Jone's Content "The Economics of the National Jockey Little league"
The Combines Act
J.C.H. Jones's content "The Economics of the National Hockey Group" (1969)
purpose is to explain through straightforward micro economics that the primary motive of
professional hockey team owners is earnings maximization. The owners argue that
their main interest is "for the like of the overall game," not the financial benefits of
owning a professional sports franchise also to avoid government regulations such
as the Combines Act (note 1).
An article written in 1982 by J.A good. Schofield entitled "The Expansion of First
Class Cricket in England," states the tendencies of sport cartels. Three
hypothesises are used to describe the patterns described by Schofield, quantity two
being developed by J.C.H. Jones (1969). (1) The income maximization hypothesis.
(2)The joint profit maximization hypothesis that the complete cartel (league)
strives for. This hypothesis will not incorporate non profit targets that
influence group habit. (3) The utility maximization model that enable many
possibilities usually compromising arguments including the success of the group at
a given year and paid out attendance for the team's venue.