Similar Economic Histories, Different Industrial Structures: Transatlantic Contrasts in the Evolution of Professional Sports Leagues

@article{Cain2005SimilarEH,
  title={Similar Economic Histories, Different Industrial Structures: Transatlantic Contrasts in the Evolution of Professional Sports Leagues},
  author={Louis P. Cain and David D. Haddock},
  journal={The Journal of Economic History},
  year={2005},
  volume={65},
  pages={1116 - 1147}
}
Industries that have different structures in Europe than in America can teach useful lessons about industrial evolution. Despite similar initial histories, European professional sports leagues adopted team promotion and relegation, which facilitates much easier entry than is possible in North America, where leagues themselves create new franchises to sell to investors. By contrasting the histories of the English Football League and the National Baseball League, we show that their structures… 

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