The Economics of Professional Road Cycling

Over the past decade, a growing body of academic literature on the economics of road cycling has been amassed. This book is the first volume to bring together a majority of the academic research and knowledge on the economics and management of professiona

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Daam Van Reeth Daniel Joseph Larson Editors

The Economics of Professional Road Cycling

Sports Economics, Management and Policy Volume 11

Series editor Dennis Coates, Baltimore, USA

The aim of this series is to provide academics, students, sports business executives, and policy makers with information and analysis on the cutting edge of sports economics, sport management, and public policy on sporting issues. Volumes in this series can focus on individual sports, issues that cut across sports, issues unique to professional sports, or topics in amateur sports. Each volume will provide rigorous analysis with the purpose of advancing understanding of the sport and the sport business, improving decision making within the sport business and regarding policy toward sports, or both. Volumes may include any or all of the following: theoretical modelling and analysis, empirical investigations, or description and interpretation of institutions, policies, regulations, and law.

More information about this series at http://www.springer.com/series/8343

Daam Van Reeth Daniel Joseph Larson •

Editors

The Economics of Professional Road Cycling

123

Editors Daam Van Reeth Kortrijk Belgium

Daniel Joseph Larson Norman, OK USA

ISSN 2191-298X ISSN 2191-2998 (electronic) Sports Economics, Management and Policy ISBN 978-3-319-22311-7 ISBN 978-3-319-22312-4 (eBook) DOI 10.1007/978-3-319-22312-4 Library of Congress Control Number: 2015947950 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)

Foreword

The one hundred plus year old sport of road cycling gives the people who fervently follow it many joys: history, beauty, speed, intrigue, strategy, effort, suffering, dignity, and perseverance. Cycling gives a face to the struggle of humanity as no other sp