The Win Maximization Model Reconsidered

Stefan Késenne
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Stefan Késenne: University of Antwerp
Authors registered in the RePEc Author Service: Stefan Kesenne

Journal of Sports Economics, 2006, vol. 7, issue 4, 416-427

Abstract: In this article, the author reconsiders the so-called win maximization model, taking into account a number of criticisms that have been raised in the literature. One of the main issues is the application of the more relevant Cournot-Nash equilibrium, rather than the Walrasian fixed-supply model, to the European football industry with its flexible talent supply in an open international player market. At the same time, the hypothesis of a simple market clearing salary level has been replaced with the theory of efficiency wages to determine the salary level. Some important consequences of the application of the efficiency wage theory have been investigated.

Keywords: sports economics; professional team sports; efficiency wages (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (25)

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Working Paper: The Win Maximization Model Reconsidered (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:7:y:2006:i:4:p:416-427

DOI: 10.1177/1527002505279347

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