Please use this identifier to cite or link to this item: http://arl.liuc.it/dspace/handle/2468/5811
Title: Some comparative economics of the organization of sports: competition and regulation in north American vs. European professional team sports leagues
Authors: Andreff, Wladimir
Issue Date: 2011
Publisher: European Association for Comparative Economic Studies (EACES)
Università Carlo Cattaneo - LIUC
Bibliographic citation: Andreff Wladimir (2011), Some comparative economics of the organization of sports: competition and regulation in north American vs. European professional team sports leagues. In: The European Journal of Comparative Economics, vol. 8, n. 1, p. 3-27. E-ISSN 1824-2979.
Abstract: This article contends that a new research avenue is open to comparative economics which is the economic comparison between American (closed) and European (open) professional team sports leagues. It starts with sketching the major institutional differences between the two leagues systems. Then it surveys the American modelling of competitive balance in these sports leagues that objects pro-competitive balance regulation as being non Walrasian when (American) teams are profit maximising. A next step is to cover how the Walrasian model has been adapted to European open leagues and their regulation of win maximising clubs under a hard budget constraint. Such approach has recently been outdated by models where win maximising clubs operate with a flexible supply of talent in a non cooperative game, given the globalization of the labour market for sporting talent (namely after the Bosman case). Finally, the article ploughs into a new research path advocating for a disequilibrium model where clubs would have a "soft" budget constraint rooted in their weak governance, and empirically tests a vicious circle between TV rights revenues and wages in French football that may explain the aforementioned disequilibrium.
URI: http://arl.liuc.it/dspace/handle/2468/5811
Journal/Book: The European journal of comparative economics
Appears in Collections:EJCE

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