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Nonteam sports and incentives

  • Robert Sandy
  • Peter J. Sloane
  • Mark S. Rosentraub

Abstract

There are important differences between team sports and nonteam sports. In team sports the team owner assembles a team of players with complementary skills by offering long-term contracts. Also, a league promotes league-wide profit maximization. In individual sports the promoter of an individual event needs to attract individual athletes through prize and/or appearance money. Competition may involve seeding to improve the likelihood of the best players remaining in the competition. The prize money may be spread widely to ensure that a good field is attracted or the promoter may use appearance money to ensure the presence of star players.In product markets for individual sports, such as golf, some interesting economic questions are why membership fees predominate over per-use fees and what determines the structure of auction sales of race horses.

Keywords

Team Sport Golf Club Individual Sport Prize Money Marginal Revenue Product 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Robert Sandy, Peter J. Sloane and Mark S. Rosentraub 2004

Authors and Affiliations

  • Robert Sandy
    • 1
  • Peter J. Sloane
    • 2
  • Mark S. Rosentraub
    • 3
  1. 1.Department of EconomicsIUPUI (Indiana University Purdue University of Indianapolis)USA
  2. 2.WELMERC (The Welsh Economy Labour Market Evaluation and Research Centre), Department of EconomicsUniversity of Wales SwanseaUK
  3. 3.Maxine Goodman Levin College of Urban AffairsCleveland State UniversityUSA

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