IDEAS home Printed from https://ideas.repec.org/a/eee/ecolet/v234y2024ics0165176523005141.html
   My bibliography  Save this article

Patent races and pennant races: A new rationale for revenue sharing in sports leagues

Author

Listed:
  • Miceli, Thomas J.

Abstract

This paper draws an analogy between patent races and pennant races. Both involve externalities: investments by individual firms (teams) produce spillover benefits, but they also precipitate a race to be first. In both contexts, the granting of partial rights to the winner balances these effects. In the case of inventions this takes the form of time-limited patents; in sports competition it takes the form of revenue sharing. This conclusion provides a justification for revenue sharing that differs from the usual claim that it promotes competitive balance.

Suggested Citation

  • Miceli, Thomas J., 2024. "Patent races and pennant races: A new rationale for revenue sharing in sports leagues," Economics Letters, Elsevier, vol. 234(C).
    • Handle: RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523005141
    DOI: 10.1016/j.econlet.2023.111488
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165176523005141
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.econlet.2023.111488?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Patent race Pennant race; Revenue sharing;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Z20 - Other Special Topics - - Sports Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523005141. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.