Dietl, Helmut; Franck, Egon; Lang, Markus - Institut für Strategie und Unternehmensökonomik … - 2005
This paper applies contest theory to provide an integrated framework of a team sports league and analyses the competitive interaction between clubs. We show that dissipation of the league revenue arises from `overinvestment' in playing talent as a direct consequence of the ruinous competitive...
