Incentives for Sports Corruption
The apparent loophole in the present regulations provided by state law compels sports associations to themselves deal with the issue of sports corruption, which only arises as a result of an agency problem. Even though a sports association can typically observe and evaluate a referee’s objective performance, it can not observe whether a referee made an error deliberately or only unconsciously.
KeywordsExpected Payoff High Effort Effort Cost Incentive Contract Winning Probability
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