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Title Profit maximization in the National Football League (NFL)
Author Brunkhorst, John Patrick
Department Department of Economics and Business
Institution Colorado College
Degree Type bachelor
Degree Name Bachelor of Arts
Type of Resource text
Digital Origin reformatted digital
Date Accepted 2007
Date Digitized 2009
Abstract This paper investigates the hypothesis of the profit maximization theory as it applies to the National Football League (NFL). A profit maximization function is constructed incorporating variable revenue and cost factors such as gate receipts and player expenses. A systems model is used as the estimation procedure to identify the determinants of ticket prices for NFL franchises. This model implies parameter restrictions across two equations to incorporate the Kuhn-Tucker conditions. Results from the regression are then used in conjunction with other data to numerically test the derived profit maximization conditions. The results support profit maximizing behavior by NFL teams, indicating that over 80% of teams set ticket prices at a level corresponding to profit maximization.
Keywords National Football League
Profit maximization
Ticket price determination
Rights Statement Copyright restrictions apply. Contact the author for permission to publish.
Extent 106 p. : ill. ; 29 cm.
Note (thesis) Senior Thesis - Colorado College
Note (bibliography) Bibliography : p. 103-106
Publisher Colorado College
Place of Publication Colorado Springs, Colorado
Language eng
OCLC Identifier 159957764
Handle http://hdl.handle.net/10176/coccc:2949
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Created: Wed, 05 May 2010, 14:17:39 MST by Cindy Tappan . Detailed History