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institutional framework, competition within markets is mainly characterized by peaceful and conflict-free rivalry between actors … that leads to an optimal allocation of resources. In such a setting, competition may be described as a "record-type" game …. This view, however, ignores the possibility that competition itself may very well trigger conflict rather than having an …
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collegiate basketball. We extend their analysis to large samples of Australian football, American football and rugby matches, but …
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The concept of competitive balance is a central aspect in the literature of sports economics. A popular argumentation of sport functionaries is that dominance of one or a few teams could lead to unequal incomes for the clubs, restrictions in the clubs' ability to improve sporting performance and...
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