Towards a New Dynamic Measure of Competitive Balance: A Study Applied to Australia’s Two Major Professional ‘Football’ Leagues
AbstractA new measure for competitive balance between seasons is proposed, which takes the form of a mobility gain function, based on each team’s win ratios from the current and previous seasons. This ‘dynamic’ function measures competitive balance within a oneperiod change framework. While it is not suggested that this measure replace useful existing within-season measures, such as the widely used actual-to-idealised standard deviation (ASD/ISD) ratio, this measure does overcome one of the shortcomings of within-season measures – that is, the ability to pick up uncertainty of outcome from season to season, rather than merely from round-to-round. Hence, it is suggested that this measure could be used in conjunction with within-season measures in time-series analysis. An application to Australia’s Australian Football League (AFL) and National Rugby League (NRL) over a century of data reveals numerous interesting comparisons.
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Bibliographic InfoArticle provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 39 (2009)
Issue (Month): 3 (December)
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Web page: http://www.journals.elsevier.com/economic-analysis-and-policy/
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Competitive Balance; Measurement Methods;
Find related papers by JEL classification:
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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