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April 19, 2012
Some comparative economics of the organization of sports: Competition and regulation in north American vs. European professional team sports leagues
Posted by D. Daniel Sokol
Wladimir Andreff (CES - Centre d'economie de la Sorbonne - Universite Paris I - Pantheon Sorbonne) offers thoughts on Some comparative economics of the organization of sports: Competition and regulation in north American vs. European professional team sports leagues.
ABSTRACT: The paper presents the differences between the design of a closed and an open team sports league. Then it compares the theoretical models of a closed league with profit maximizing clubs and an open league with win maximizing clubs. Both models are now outdated by a Nash equilibrium model which is briefly sketeched. In the case of open leagues, a disequilibrium model seems more appropriate and a first attempt at elaborating it are exhibited.
April 19, 2012 | Permalink
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