Competition: What do you mean? asks ISCR Executive Director, Lewis Evans
Lewis Evans
No 374300, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation
Abstract:
In sport, we like hot competition. It brings out skilful play, and generates exciting tournaments. Participants receive tangible rewards (blue ribbons and dollars) and intangible rewards (satisfaction and excitement). The excitement and the appreciation of player skills attract consumers of all sorts, from the couch potato to the avid game-chaser. Vigorous rivalry creates the drive to develop new strategies, improve skills and create fresh spectacles. The rules evolve so that the game continues to be fresh and exciting.
Date: 2002-04-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:374300
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