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Used to analyze situations where payoff outcomes are affected by the decisions of other agents, such as sports teams making strategic decisions or athletes choosing training regimens.

Assesses the value of non-market goods such as the social and emotional benefits of sports programs or events. It applies when quantifying the benefits that don't have a direct market price.

Applies to sports by considering sports clubs or organizations as firms that aim to maximize profits by efficient management of resources, including athletes and staff.

Examines supply and demand for athletes and coaches in the sports industry, including wage determination and the impact of collective bargaining agreements.

Describes how the price and quantity of sport participation is determined by the availability (supply) and desire (demand) for it. Higher demand and lower supply can lead to increased participation costs.

Describes how single or few entities control the market, such as a major league controlling professional sport. It impacts ticket prices and athlete wages.

Assumes that sports teams are primarily motivated to maximize wins instead of profits, impacting ticket pricing, athlete salaries, and investment in facilities.

Determines the additional revenue an athlete generates for their team or club, often informing contract negotiations and salary caps.

Proposes that individuals participate in sports to maximize their own utility, or happiness. Decisions are based on the pleasure gained versus the costs.

Explores the relationship between sports team owners (principals) and athletes or managers (agents), focusing on contract design and incentives to align interests.

Analyzes the benefits of sport participation against the costs involved, determining whether the activity is worth the investment. It is often used to justify public spending on sports facilities.

Estimates the net economic change in a community from an activity such as sports events, including income, employment, and tax impacts.

Suggests that investment in personal skills and health can enhance an individual's productivity, which includes sport as a form of human capital investment. It's applied in advocating sport for personal development and health.

Explains how sports facilities and events provided without profit motives can benefit the whole community. It helps evaluate the impact of government investments in sports infrastructures.