The Role of Referees in Sports Contests
Evidently, the role of referees must be of significant importance. Even after almost three thousand years, referees continue to be a vital part of sports contests. But what exactly is the role of referees? Does it really only entail the enforcement of the rules of the game? The following provides a new explanation relying on purely economic reasoning.
KeywordsProductive Effort Effort Level Effort Choice Symmetric Game Game Quality
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