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Carlton, Dennis W.1
Frankel, Alan S.1
Landes, Elisabeth M.1
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Carlton, Dennis W.; Frankel, Alan S.; Landes, Elisabeth M. – Journal of Political Economy, 2004
This paper provides one of the few successful demonstrations of the efficiency of certain types of restrictions in the context of a joint venture. The joint venture we examine is the National Hockey League (NHL) in the 1980s, which was then composed of 21 separately owned teams. (It now has 30 teams.) The restriction we analyze is the NHL rule on…
Descriptors: Relocation, College Athletics