Most of the contest literature deals with first prizes; this Paper deals with the optimality of second prizes. We show that in a three-person contest where one contestant is very strong a second prize can be optimal from the point of view of eliciting maximum effort from every contestant....

This paper analyzes the pricing behavior of cross channel ferry companies in the eight-year period between awarding the Channel Tunnel franchise and the completion of the construction of the tunnel. The ferry companies appear to have 'made hay' by significantly increasing some published prices...

This paper develops a model of pricing in the cross channel market based on the assumption that competitors choose prices in order to maximise profits. It shows that on this basis the long-term pricing strategy of Eurotunnel will be very different from the announced prices for 1994. Optimal...

This volume deals with the competitive structure of football. It examines the relationship between sporting success and economic variables, the structure of European competitions, financial problems in football, their origins and options for reform, racial discrimination in English football, and...

Starting with a major survey of the economics of sport, this volume involves primarily a comparison of the European and American models of sport, how to restructure leagues to make them more competitive, the analysis of gate-sharing mechanisms, the economic impact of promotion and relegation and...

Fans of the World, Unite! investigates how American sports leagues are currently operating in the best interests of their owners but not of fans. This book offers a set of practical pro-competitive reforms that could dramatically improve the well-being of fans without crippling the owners...