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The Hope Statistic as an Alternative Measure of Competitive Balance

Author

Listed:
  • Alan Kaplan

    (Ryerson University)

  • John Nadeau

    (Nipissing University)

  • Norm O’Reilly

    (University of Ottawa)

Abstract

We examine the need for and the presence of competitive balance in professional sports leagues. We argue that competitive balance helps to further fan welfare and we propose a new measure of competitive balance that hopefully better reflects the needs of fans—that is, compared with measures used both currently and in the past. More specifically, we model the hope of postseason play in a new way as a proxy for competitive balance, and, using a database from Major League Baseball, we provide descriptive statistics for our measure alongside a number of other measures currently extant in the literature. We conclude by discussing policy positions that may be derived from our findings.

Suggested Citation

  • Alan Kaplan & John Nadeau & Norm O’Reilly, 2011. "The Hope Statistic as an Alternative Measure of Competitive Balance," International Journal of Sport Finance, Fitness Information Technology, vol. 6(2), pages 170-184, May.
    • Handle: RePEc:jsf:intjsf:v:6:y:2011:i:2:p:170-184
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    More about this item

    Keywords

    sport finance; competitive balance; major league baseball; hope; shareholder wealth; fan welfare;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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