The Sport League's Dilemma: Competitive Balance Versus Incentives To Win
نویسندگان
چکیده
منابع مشابه
The Sport League’s Dilemma: Competitive Balance versus Incentives to Win
We analyze a dynamic model of strategic interaction between a professional sport league that organizes a tournament, the teams competing to win it, and the broadcasters paying for the rights to televise it. Teams and broadcasters maximize expected profits, while the league’s objective may be either to maximize the demand for the sport or to maximize the teams’ joint profits. Demand depends posi...
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We analyze a dynamic model of strategic interaction between the league organizing a professional sport, the teams playing the tournament organized by this league, and broadcasters competing for the rights to televise their matches. Teams and broadcasters maximize expected pro ̄ts, while the league's objective may be either to maximize the demand for the sport or to maximize the teams' joint pro ̄...
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It is generally thought that competitive equilibrium in sports leagues involves too little competitive balance (the strong dominate the weak too mucha more even contest would be more attractive). However, it is possible to sow in a standard logit contest model that the reverse is true – the strong do not win “enough”i.e. more wins by the strong team would increase attendance or revenues. This i...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2000
ISSN: 1556-5068
DOI: 10.2139/ssrn.250793