The Combines Act 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. Schofield entitled "The Development of First Class Cricket in England," states the behavior of sport cartels. Three hypothesises are used to explain the behavior described by Schofield, number two being developed by J.C.H. Jones (1969). (1) The profit maximization hypothesis. (2)The joint profit maximization hypothesis that the entire cartel (league) strives for. ....

Number Of Pages: 3

Number Of Words: 752

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