BIDDING TILL BANKRUPT DESTRUCTIVE COMPETITION IN PROFESSIONAL TEAM SPORTS
作者:
JAMES D. WHITNEY,
期刊:
Economic Inquiry
(WILEY Available online 1993)
卷期:
Volume 31,
issue 1
页码: 100-115
ISSN:0095-2583
年代: 1993
DOI:10.1111/j.1465-7295.1993.tb00869.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
The analysis and evidence here suggest that the market for star athletes in professional sports could be subject to “destructive competition”—a competitive process which drives some participants from a market even though it is inefficient for them to leave. When pursuing a league championship, the talent which turns an average team into a contender contributes disproportionately to the team's success. Teams which fail to earn enough on the last stars they sign to offset losses on their inframarginal talent will abandon a competitive market for star athletes. Other situations that involve input rivalry between producers might yield similar re
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