Garcia-del-Barrio, Pedro; Reade, J. James - In: Jahrbücher für Nationalökonomie und Statistik 244 (2024) 5/6, pp. 631-670
Professional sports are part of the entertainment industry; as such, its business is developed based on the perceived interest in sporting events, which in turn depends on features like: the (i) degree of competitive balance that determines the uncertainty of the outcome; the (ii) concentration...