Michigan is truly a "Great Lake State": the two peninsulas, many islands, and 3,100 miles of shoreline on four of the Great Lakes give the state a unique location and a diverse physical environment. The natural landscape is largely the result of erosion and deposition of surface materials during the Great Ice Age. Glacial ridges alternate with till plains and lake bottoms to give Michigan a varied topography and great contrasts in soil fertility. The book, through the use of text, photographs, and maps (drawn especially for this volume by Sherman Hollander), stresses the relationships between this varied natural resource base and the economic, social, and political geography of Michigan. Emphasis is placed on the demographic character, the historical background, and the natural and human resources that have led to Michigan becoming one of the principal manufacturing states in the United States. The book also looks at agriculture and recreation and tourism, which, along with manufacturing, are the major bases of the state's economic development. The regional coverage focuses on the urban dominance of Detroit. This comprehensive overview of Michigan geography closes with an analysis of some of the major quality of life issues in the state and a short glimpse into the future.
The sports industry presents many unusual and interesting opportunities for the application of economic theory and econometrics. In 15 professional papers, this book addresses current economic issues in the industry, including the problem of competitive balance, the location of professional sports teams and their impact on local communities, managerial decision making, and issues related to labor markets. Extending the previous research in sports economics, the papers reflect the most recent applications of economic theory in this area. The book will be a valuable resource for professional economists working on sports economics topics. In two opening chapters on competitive balance, the contributors develop a model for college football and examine the impact of balance on attendance in major league baseball. In a section on the location of professional sports teams, the chapters then develop a model to predict the location of expansion teams, make econometric estimates of the impact of Super Bowls on the host city, and analyze the ownership of stadiums and arenas. Managerial decision making is discussed in chapters that examine alternative econometric models of production in baseball, use a production function model to analyze technological change in Major League Baseball, examine the management of team streaks, consider the competitive balance between American and National Leagues, analyze the efficiency of player trades in the National Basketball Association, and estimate the impact of participation in inter-collegiate sports on academic performance. In the final section on labor markets, the contributors estimate the impact of owner collusion on baseball players' salaries, consider the impact of the new collective bargaining agreement in Major League Baseball, analyze the impact of being a union representative, and examine the impact of the National Football League's salary cap on player's salaries.
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