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. …
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showed last 75 words of 737 total
…many changes have been made to the governing bodies that control the National Hockey League however its functions can still be explained through micro economics. REFERENCES 1.The Combines Act. R.S., C314 s.1, 1966 2. J.C.H. Jones, 'The Economics of the National Hockey League', Canadian Journal of Economics, vol 2 (February 1969), pp. 1-20 3. J.A. Schofield, 'The Development of First-Class Cricket in England: An Economic Analysis', The Journal of Industrial Economics, vol. 30, no.4 (June 1982), pp.337-360