Revenue Sharing and Competitive Balance in a Dynamic Contest Model
| Author | : Martin Grossmann |
| Publisher | : |
| Total Pages | : 28 |
| Release | : 2009 |
| ISBN-10 | : OCLC:1290279101 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Revenue Sharing and Competitive Balance in a Dynamic Contest Model by : Martin Grossmann
Download or read book Revenue Sharing and Competitive Balance in a Dynamic Contest Model written by Martin Grossmann and published by . This book was released on 2009 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a dynamic model of talent investments in a team sports league with an infinite time horizon. We show that the clubs' investment decisions and the effects of revenue sharing on competitive balance depend on the following three factors: (i) the cost function of talent investments, (ii) the clubs' market sizes, and (iii) the initial endowments of talent stock. We analyze how these factors interact in the transition to the steady state as well as in the steady state itself.
