Governance of Professional Sports Leagues - Cooperatives versus Contracts
Egon Franck (),
Tariq Hasan () and
Markus Lang ()
Additional contact information
Tariq Hasan: Institute for Strategy and Business Economics, University of Zurich
No 59, Working Papers from University of Zurich, Institute for Strategy and Business Economics (ISU)
Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American counterparts who are organized since their beginning in a cooperative-like manner. Based on a comparative institutional analysis, we explain the advantages of the cooperative form of league organization over contractual governance. With our four-stage game-theoretic model, we show that contractual governance of sports leagues leads to larger investment distortions than cooperative league organization.
Keywords: Sports leagues; cooperative organization; contractual governance; hold up; bargaining (search for similar items in EconPapers)
JEL-codes: C72 L83 L14 D23 (search for similar items in EconPapers)
Date: 2006, Revised 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed
Downloads: (external link)
http://repec.business.uzh.ch/RePEc/iso/ISU_WPS/59_ISU_full.pdf First version, 2006 (application/pdf)
Journal Article: Governance of professional sports leagues--Cooperatives versus contracts (2009)
Working Paper: Governance of Professional Sports Leagues - Cooperatives versus Contracts (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:iso:wpaper:0059
Access Statistics for this paper
More papers in Working Papers from University of Zurich, Institute for Strategy and Business Economics (ISU) Contact information at EDIRC.
Bibliographic data for series maintained by IBW IT ().