Profit vs. win maximization in a league: a paradox

Luc Arrondel, Richard Duhautois and Jean-François Laslier

Working Papers from HAL

Abstract: The paper studies a very simple game-theoretical model of sports competition such as the European football leagues. In this oligopoly-type context, the Cournot-Nash equilibrium reveals a paradoxical differentiation between clubs: those that include not only profit but also sporting performance in their objectives end up generating more profit than others who purely maximize profit.

Keywords: Cournot-Nash equilibrium; Oligopoly; Sports economics; Football (search for similar items in EconPapers)
Date: 2023-12
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04358491v1
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Working Paper: Profit vs. win maximization in a league: a paradox (2023)
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