Measuring competitive balance in Formula One Racing
Oliver Budzinski and
Arne Feddersen ()
No 121, Ilmenau Economics Discussion Papers from Ilmenau University of Technology, Institute of Economics
The Formula One Championship (F1) is one of the biggest sports businesses in the world. But, however, it seems to astonish that only very few scholarly articles analyze the F1 business. The aim of this study is to contribute to closing two gaps in the existing literature: it contributes (1) to the (sports) economic analysis of the F1 business and (2) to the literature on competitive balance in non-team sports. Like competitive balance in team sport leagues, also for F1 racing three dimensions can be distinguished: (a) race-specific competitive balance, (b) within-season competitive balance, and (c) between-season competitive balance. In addition to classical tools and data, some new and F1 specific indicators, like average lead changes or leading distance, are employed. Also, pitfalls induced especially by the used data source or calculation method are highlighted.
Keywords: Formula One Motor Racing; competitive balance; empirical industry study; sports economics (search for similar items in EconPapers)
JEL-codes: Z20 Z21 L83 C01 L13 M21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cul, nep-ind and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
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:zbw:tuiedp:121
Access Statistics for this paper
More papers in Ilmenau Economics Discussion Papers from Ilmenau University of Technology, Institute of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().