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Competitive Balance and Revenue Sharing in Sports Leagues with Utility-Maximizing Teams

Helmut M. DietlMartin GrossmannMarkus Lang

出版	Inst. for Strategy and Business Economics, 2009
URL	http://books.google.com.hk/books?id=LSYsyAEACAAJ&hl=&source=gbs_api

註釋

This paper develops a contest model of a professional sports league in which clubs maximize a weighted sum of profits and wins (utility maximization). The model analyzes how more win-orientated behavior of certain clubs affects talent investments, competitive balance and club profits. Moreover, in contrast to traditional models, we show that revenue sharing does not always reduce investment incentives due to the dulling effect. We identify a new effect of revenue sharing called the "sharpening effect". In the presence of the sharpening effect (dulling effect), revenue sharing enhances (reduces) investment incentives and improves (deteriorates) competitive balance in the league.