economics in racing

The following represents the conclusion of this look at how long-term  trends in Thoroughbred racing have evolved to the point where a turnaround may be near in the sport's economic fortunes. To read part I, click here. For part II, click here.   Defining Development #6--Blessed are the Survivors As a matter of basic free-market economics, it is possible to view the past 30-plus years of contraction in U.S. races, racing dates, and racetracks as an unfortunate, but necessary adjustment to a changing competitive environment. The Thoroughbred sport, presented to...