The Economics of Motorsports

'In this work, Dr. Mourão has produced a gift to all of us who combine his love for economics and the most exciting sport on the planet, Formula One racing! F1 offers the perfect sports business context to dissect with economic analysis because of its rich history and global footprint. By critically reviewing the factors that influence F1 performance on the track and in the boardroom, this book provides readers with empirical insights that enhance the expertise of fans and scholars alike.' Joe Cobbs, Northern Kentucky University, USA

'Commitment, hard work and passion are the driving forces behind the success in sports, including Formula One. One can easily conclude that the author of this book has put all that in its writing.'

Jose Cadima Ribeiro, University of Minho, Portugal

'Paulo Reis Mourão's book is a dazzling example of what a critical eye toward data and a profound knowledge of a subject area can yield in this case, a deep understanding motorsport economics previously not understood by anyone. The Economics of Motorsport takes on the old joke How to you amass a small fortune in motorsport? Start with a large fortune! and explodes common sense paradigms by answering thoughtful questions with decades of information and precise analysis. From the economics of a frustrating season, to the impact of pole position, to the importance of diversity, Mourão's work examines Formula 1 at its most specific and significant.' Ehren Pflugfelder, Oregon State University, USA

An exciting and upbeat examination of the economics behind motorsports. Includes a detailed analysis of the economics behind a winning team. A fascinating overview of the wider motorsport industry.

Auteur
Paulo Reis Mourão is an Assistant Lecturer in the Department of Economics at Gualtar, University of Minho. He is a regular commentator on economics and politics in Portugal.

Contenu
Chapter 1. Introduction. Chapter 2.- The Costs and the Benefits of Formula One.- Chapter 3.- The Oil in the Engines - The Revenues of Formula One.- Chapter 4.- Determinants of a Victory in Formula One.- Chapter 5.- How to be a winning team in Formula One.- Chapter 6.- Surviving the Formula One circus.- Chapter 7.- The Political Economy of Forumla One.- Chapter 8.- Descriptive Statistics and Formula One Records.- Conclusions