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) a Zidane clustering theorem is derived. It is argued that the best midfielder is most efficiently allocated when … would occur on the players market. Obviously, such a clustering effect negatively affects the competitive balance. It is … shown that the clustering effect must be compensated by decreasing marginal revenue for sporting success in order to restore …
Persistent link: https://www.econbiz.de/10010207225
) a Zidane clustering theorem is derived. It is argued that the best midfielder is most efficiently allocated when … would occur on the players market. Obviously, such a clustering effect negatively affects the competitive balance. It is … shown that the clustering effect must be compensated by decreasing marginal revenue for sporting success in order to restore …
Persistent link: https://www.econbiz.de/10010985983
Are dominant online search engines monopolies enjoying low contest-ability, due to high barriers to entry, or innovative first-movers? This paper argues that dominant online search engines maintain their leadership through an “innovation feedback loop”: a process whereby increasing R&D...
Persistent link: https://www.econbiz.de/10012828760
The paper analyses the impact of the relatively belated move to professionalism in Rugby Union. We use data on match attendance for 3,667 fixtures in European club Rugby over 15 seasons to estimate the effect of competitive balance on attendance. We find that (short- and medium-term) competitive...
Persistent link: https://www.econbiz.de/10010293672
The economic literature on professional sports leagues suggests supporters' utility depends on uncertainty of outcome (competitive balance) and the quality of play. Unlike soccer, where the Champions League is dominated by teams from larger countries, our analysis indicates that the ERC exhibits...
Persistent link: https://www.econbiz.de/10010293698
Rugby union only went professional in 1995, much later than other major team sports resulting in major changes in league structures. Different arrangements regarding revenue sharing and salary caps between the three main European rugby leagues provides an opportunity to test the impact of such...
Persistent link: https://www.econbiz.de/10010333074
The paper presents results from two natural experiments on the impact of revenue sharing and salary caps on competitive balance in sports leagues arising from the introduction of professionalism in Rugby Union in 1995. The first involves the English Premiership, which traditionally applied a...
Persistent link: https://www.econbiz.de/10010507648
Using data from 1,226 matches played over 18 seasons, we analyse match attendances in the group stages of the European Rugby Cup (ERC). We find that short-run (match) uncertainty had little effect on attendances. This finding is significant as the ERC has been replaced by a new competition which...
Persistent link: https://www.econbiz.de/10010507655
The economic literature on professional sports leagues suggests supporters' utility depends on uncertainty of outcome (competitive balance) and the quality of play. Unlike soccer, where the Champions League is dominated by teams from larger countries, our analysis indicates that the ERC exhibits...
Persistent link: https://www.econbiz.de/10009733728
The paper analyses the impact of the relatively belated move to professionalism in Rugby Union. We use data on match attendance for 3,667 fixtures in European club Rugby over 15 seasons to estimate the effect of competitive balance on attendance. We find that (short- and medium-term) competitive...
Persistent link: https://www.econbiz.de/10009733752