“Walrasian Fixed Supply Conjecture†Versus “Contest-Nash†Solutions to Sports League Models

Paul Madden

Journal of Sports Economics, 2015, vol. 16, issue 5, 540-551

Abstract: Winfree and Fort (WF) recently suggested an approach to modeling basic two-team sports leagues, which requires Nash equilibrium solutions to games where investments in (not levels of) talent are the strategic variables. I comment (a) it is crucial that talent investments are the strategic variables, reworking arguments from my earlier article; (b) with nuanced but important differences from Stefan Szymanski’s conclusions regarding WF, Walrasian fixed supply conjecture solutions and the invariance principle are unlikely to emerge from this approach but Contest-Nash solutions can; (d) the long-running debate alluded to in the title of this article may have run its course.

Keywords: sports leagues; talent investment; revenue sharing (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/1527002513502795 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:16:y:2015:i:5:p:540-551

DOI: 10.1177/1527002513502795

Access Statistics for this article

More articles in Journal of Sports Economics
Bibliographic data for series maintained by SAGE Publications ().