Dietl, Helmut; Franck, Egon; Grossmann, Martin; Lang, Markus - Institut für Strategie und Unternehmensökonomik … - 2009
This paper outlines how the theory of contests is applied to professional team sports leagues. In the first part, we … applications of contest theory in sports. In particular, we will show how the Tullock framework is applied to models of team sports … leagues. For this purpose, we will first explain the value creation process in team sports leagues and show how club revenues …