type="main" xml:id="sjpe12052-abs-0001" <title type="main">Abstract</title> <p>This paper analyzes the adverse incentive effects produced by money injections of benefactors [sugar daddies (SD)]. We show that the existence of a SD induces the club to choose a riskier investment strategy and the more the SD commits to bailout...</p>

Recent studies of the demand for sports clearly indicate that stars play an important role in promoting fan interest. However, on theoretical grounds it is controversial if a starÕs talent superiority and/or a starÕs popularity drive match attendance and hence increase gate revenues. Using...

The impact of intra-team pay dispersion on team productivity is a highly discussed issue. On one hand, wage differentials provide incentives for higher employee effort. On the other hand, pay inequality discourages cooperation among team members, which reduces performance. Analyzing non-linear...

In 2002 the leading European football clubs reacted to the increasing player salaries by signing a voluntary agreement to limit player salaries to 70% of revenues. We analyze under which conditions a voluntary salary cap agreement is self-enforcing. Based on a simple model of a league with two...

Becoming famous and in the most favorable scenario winning the Nobel Prize is the dream of many young and ambitious economists. Yet, many young re-searchers are talented and only very few of them succeed to become famous in the course of their career. If we take talent for granted questions of...

Kosteneinsparungen einerseits und die Erlangung von Marktmacht andererseits sind die beiden zentralen Motive für Unternehmenszusammenschlüsse und -separationen. In der Praxis dürften sowohl die Existenz als auch das Ausmaß der beiden Effekte nur sehr schwer festzustellen sein. Bei genauerem...

OSS ist eine besondere Form der Softwareproduktion, die Leistungsbeiträge von oft freiwilligen und unbezahlten Beitragsleistern einbezieht. In der Literatur werden drei Gründe für diese freiwilligen Beitragsleistungen diskutiert, nämlich Spass am Programmieren, ein Gefühl der Verpflichtung...

The New Institutional Economics made various contributions to the field of innovation management. Two specific areas of contribution are highlighted in this paper. The discussion of intellectual property protection starts with the classical concept of balancing the incentives to create new ideas...