Lang, Markus; Grossmann, Martin; Theiler, Philipp - In: Journal of Institutional and Theoretical Economics (JITE) 167 (2011) 4, pp. 557-577
Professional sports leagues have witnessed the appearance of sugar daddies - people who invest enormous amounts of money in clubs and become their owners. This paper presents a contest model of a professional sports league that incorporates this phenomenon. We analyze how the appearance of a...
