Crooker, John R.; Fenn, Aju J. - In: Journal of Sports Economics 8 (2007) 2, pp. 139-164
This article demonstrates theoretically that, given a casual relationship exists from league parity to fan interest, as large-market teams myopically outbid small-market teams for talent there is potential for league parity to be underprovided. In this model, league parity is treated as a public...