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The Sport League's Dilemma : Competitive Balance versus Incentives to Win

Palomino, F.A.; Rigotti, L. - Tilburg University, Center for Economic Research - 2000

We analyze a dynamic model of strategic interaction between a professional sport league that organizes a tournament … expected profits, while the league's objective may be either to maximize the demand for the sport or to maximize the teams … performance-based reward scheme (used by European sport leagues) may be optimal. Under joint profit maximization, full revenue …

Persistent link: https://www.econbiz.de/10011092806

Revenue Sharing in Professional Sports Leagues : For the Sake of Competitive Balance or as a Result of Monopsony Power?

Palomino, F.A.; Sakovics, J. - Tilburg University, Center for Economic Research - 2000

We analyze the distribution of broadcasting revenues by sports leagues.In the context of an isolated league, we show that when the teams engage in competitive bidding to attract talent, the league's optimal choice is full revenue sharing (resulting in full competitive balance) even if the...

Persistent link: https://www.econbiz.de/10011092815

Forecasting the Winner of a Tennis Match

Magnus, Jan R.; Klaassen, F.J.G.M. - Tilburg University, Center for Economic Research - 2001

We propose a method to forecast the winner of a tennis match, not only at the beginning of the match, but also (and in particular) during the match.The method is based on a fast and exible computer program TENNISPROB, and on a statistical analysis of a large data set from Wimbledon, both at...

Persistent link: https://www.econbiz.de/10011090818

Testing some common tennis hypotheses : Four years at Wimbledon

Magnus, Jan R.; Klaassen, F.J.G.M. - Tilburg University, Center for Economic Research - 1996

In this paper we investigate the truth (more often the untruth) of seventeen commonly heard statements about tennis.We base our analysis on point-by-point data of almost 500 singles matches played at Wimbledon, 1992-1995.The seventeen hypotheses under consideration are: 1 A player is as good as...

Persistent link: https://www.econbiz.de/10011091764

Collective vs Individual Sale of TV Rights in League Sports

Falconieri, S.; Palomino, F.A.; Sakovics, J. - Tilburg University, Center for Economic Research - 2002

.In several cases, however, leagues won in court, on the ground that sport cannot be considered a standard good.In this paper, we …

Persistent link: https://www.econbiz.de/10011092552

Culture and Development : An Analytical Framework

Francois, P.; Zabojnik, J. - Tilburg University, Center for Economic Research - 2001

This paper develops a framework which analyzes how a population's culture affects the decisions of rational profit … maximizing firms, while simultaneously exploring how the actions of these firms in turn affect the population's culture ….By endogenizing culture as well as the more usual economic variables, it shows how an economically valuablebehavioural trait can be …

Persistent link: https://www.econbiz.de/10011092624

Values and Governance Systems

Ruys, Pieter H.M.; van den Brink, J.R.; Semenov, R. - Tilburg University, Center for Economic Research - 1999

Cooperative behavior as well as other cultural rules and values are made explicit in organizational units that procure and provide a common service. The common service is procured by a club, which consists of a user-value function, a representation governance, and a budget-allocation function....

Persistent link: https://www.econbiz.de/10011092649

Toward a Unified Europe? Explaining Cultural Differences by Economic Development, Cultural Heritage and Historical Shocks

Schaik, Ton van; Beugelsdijk, S. - Tilburg University, Center for Economic Research - 2002

Economic development is linked with systematic changes in basic values, but cultural change is path dependent.This is known as Inglehart's thesis.In this paper we build on his thesis and try to explain value differences across European regions.This is relevant as it fits in the ongoing...

Persistent link: https://www.econbiz.de/10011092745

Where Angels Fear to Trade : The Role of Religion in Household Finance

Renneboog, Luc; Spaenjers, C. - Tilburg University, Center for Economic Research - 2009

Although the relationship between religion and economic development on the macro-level has been investigated, it is less clear how religious background influences economic attitudes and financial decision-making on the level of the individual or household, the micro-level. We use panel data from...

Persistent link: https://www.econbiz.de/10011090421

Governance of Clubs and Firms with Cultural Dimensions

Ruys, Pieter H.M.; van den Brink, J.R.; Semenov, R. - Tilburg University, Center for Economic Research - 1999

The neoclassical way to cope with firms providing services, or with clubs procuring services, is restricted by the lack of institutional features. An institutional approach is introduced that requires a cooperative governance to realize the potential value-production by firms, or to realize the...

Persistent link: https://www.econbiz.de/10011091595