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Third party money injections of benefactors (sugar daddies) function as a bailout mechanism for otherwise insolvent football clubs. The successful implementation of the new UEFA "financial fair play" regulations will abrogate this bailout mechanism. We develop a theoretical model of a...
Persistent link: https://www.econbiz.de/10010876542
increased over the last decade. This paper develops a general contest model of a professional team sports league in which the …
Persistent link: https://www.econbiz.de/10010876543
This paper provides a game-theoretic model of a professional sports league and analyzes the effect of luxury taxes on …
Persistent link: https://www.econbiz.de/10005078946
This paper provides a contest model of a professional team sports league and analyzes the impact of a restriction on …
Persistent link: https://www.econbiz.de/10005078947
Many major sports leagues are characterized by a combination of cross-subsidization mechanisms like revenue … article provides a theoretical model of a team sports league and analyzes the combined effect of salary restrictions (caps and …
Persistent link: https://www.econbiz.de/10005078948
In this paper, we provide an analysis of the principal economic issues in the professional team sports industry. We …
Persistent link: https://www.econbiz.de/10005078949
This paper analyzes the effects of a percentage-of-revenue salary cap in a team sports league with win-maximizing clubs …
Persistent link: https://www.econbiz.de/10005015174
Abstract: In the recent years, many clubs in the biggest European soccer leagues have run into debts. The sports … equilibrium concept, I apply evolutionary game theory in a sports contest model. If clubs follow evolutionarily stable strategies …
Persistent link: https://www.econbiz.de/10009351463
This paper applies contest theory to provide an integrated framework of a team sports league and analyses the …
Persistent link: https://www.econbiz.de/10009398246
The release of players from a club to the national team often leads to a conflict concerning the duration of the players' stay with the national team. Based on a theoretical bargaining model, we examine whether intervention in this conflict by a governing body is desirable. We show that...
Persistent link: https://www.econbiz.de/10009364312