Public sport supply: critical analyses of professional and top-level sports financing according to economic efficiency theory

Abstract

This paper aims to discuss the public financing of professional and top-level sport at a normative economics level. Financial sport resources are always scarce. They must be evaluated in terms of their allocation for the best possible alternative. This way of planning takes into account the opportunity costs of sports finance. From the economic theory point of view, public subsidies to professional sports have to be analyzed carefully. Economics (also) care about the efficiency e justice of goods distribution. Therefore, the development of rules and rational recommendations to allocate scarce resources in alternative goods and services (allocation function) as well as normative postulates for de distribution of income and wealth among social classes (distribution function), is one important matter to considerate in modern approach of Sports Economics. This rational way of looking to our society’s social challenges and problems is extremely important when common well fair is uestioned.