Comment: "Professional Team Sports Are Only a Game: The Walrasian Fixed-Supply Conjecture Model, Contest-Nash Equilibrium, and the Invariance Principle"

Edwin Eckard

Journal of Sports Economics, 2006, vol. 7, issue 2, 234-239

Abstract: In a recent article in this journal, Stefan Szymanski develops a generalized version of the two-team diminishing marginal revenue model of win percentage determination and talent allocation. The standard version of this model assumes a fixed supply of talent for a given season, focusing on the allocation of players among teams. Szymanski claims that this assumption is inappropriate and offers his generalized model as a solution. This comment argues, on the contrary, that the fixed supply assumption underlying the standard model is appropriate for its usual applications, given the “peculiar economics†of sports labor markets.

Keywords: theory of sports leagues; sports labor supply; player allocation (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:7:y:2006:i:2:p:234-239

DOI: 10.1177/1527002504272947

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