Economics at your fingertips  

Betting scandals and attenuated property rights - How betting related match fixing can be prevented in future

Helmut Dietl and Christian Weingaertner ()
Additional contact information
Christian Weingaertner: Institute for Strategy and Business Economics, University of Zurich

No 154, Working Papers from University of Zurich, Institute for Strategy and Business Economics (ISU)

Abstract: Recently, a number of high-profile betting scandals have shocked European football. Since such scandals threaten the integrity of the sport, which is one of its major assets, football officials have taken prominent measures to avoid further scandals. Unfortunately, these measures have not yet been successful. Additional or different measures seem to be necessary to protect the integrity of the sport. In this paper we analyze the economic causes of betting scandals from a property rights perspective. The analysis consists of three parts. First, we show that after a continuous attenuation of property rights over the last decades, football fixtures and results today are a costless input for the business model of the large industry of bookmakers and betting platforms. In the second part, we explain the economic responses of the betting industry to the property rights attenuation and the resulting facilitation of betting scandals. In the third part, we evaluate three alternative solutions to the problem: taxation, regulation, and property rights allocation and enforcement. The third approach is especially promising and has been successfully used in other industries as well.

Keywords: Property Rights; Attenuation; Betting; Scandal; Match fixing; Corruption (search for similar items in EconPapers)
Date: 2012-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (application/pdf)

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:

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 ().

Page updated 2019-12-04
Handle: RePEc:iso:wpaper:0154