A Professional League Model with Unsustainable Runs

Duane Rockerbie and Stephen Easton

Chapter Chapter 4 in The Run to the Pennant, 2014, pp 29-41 from Springer

Abstract: Abstract An unsustainable run could be the result of a professional sports club moving from a low winning percentage equilibrium to a high winning percentage equilibrium. Occasionally, one observes a small-market club that increases its payroll by acquiring costly talent and making a run for the play-offs.

Keywords: Nash Equilibrium; Multiple Equilibrium; High Equilibrium; Contest Success Function; Revenue Function (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:semchp:978-1-4614-7885-0_4

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DOI: 10.1007/978-1-4614-7885-0_4

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