The Economic Design of Sporting Contests

The Economic Design of Sporting Contests Abstract This paper reviews the literature on commercial sport through the lens of the economic theory of contests/tournaments. It seeks to draw together research on incentives in individualistic sports such as golf and footraces with the research on uncertainty of outcome and competitive balance in team sports such as baseball and soccer. The contest framework is used to analyze issues such as the optimal distribution of prizes, the impact of revenue sharing, salary caps, draft rules, and a variety of other restraints commonly employed in sports leagues. The paper draws heavily on a comparative analysis of contest organization, in particular between North America and Europe. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Literature American Economic Association

The Economic Design of Sporting Contests

Journal of Economic Literature, Volume 41 (4) – Dec 1, 2003

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Publisher
American Economic Association
Copyright
Copyright © 2003 by the American Economic Association
ISSN
0022-0515
D.O.I.
10.1257/002205103771800004
Publisher site
See Article on Publisher Site

Abstract

Abstract This paper reviews the literature on commercial sport through the lens of the economic theory of contests/tournaments. It seeks to draw together research on incentives in individualistic sports such as golf and footraces with the research on uncertainty of outcome and competitive balance in team sports such as baseball and soccer. The contest framework is used to analyze issues such as the optimal distribution of prizes, the impact of revenue sharing, salary caps, draft rules, and a variety of other restraints commonly employed in sports leagues. The paper draws heavily on a comparative analysis of contest organization, in particular between North America and Europe.

Journal

Journal of Economic LiteratureAmerican Economic Association

Published: Dec 1, 2003

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