Teaching Competition in Professional Sports Leagues
AbstractIn recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and KÃ©senne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author describes a simulation model that can be used in a classroom to demonstrate how competition works in a noncooperative context. More generally, in simulation exercises, students typically gravitate quickly toward the Nash equilibrium, making this a simple and powerful way to introduce them to the concept. The supporting Excel spreadsheet used to conduct the game can be downloaded from the author's personal Web page, http://www.cass.city.ac.uk/faculty/s.szymanski/sports -league-simulation-blank.xls .
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The Journal of Economic Education.
Volume (Year): 41 (2010)
Issue (Month): 2 (March)
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Web page: http://www.tandfonline.com/VECE20
Other versions of this item:
- Stefan Szymanski, 2006. "Teaching competition in professional sports leagues," IASE Conference Papers 0647, International Association of Sports Economists.
- Stefan Szymanski, 2006. "Teaching competition in professional sports leagues," Working Papers 0602, International Association of Sports Economists & North American Association of Sports Economists.
- A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- SZYMANSKI, Stefan & KÉSENNE, Stefan, 2003.
"Competitive balance and gate revenue sharing in team sports,"
2003003, University of Antwerp, Faculty of Applied Economics.
- Stefan Szymanski & Stefan KÈsenne, 2004. "Competitive balance and gate revenue sharing in team sports," Journal of Industrial Economics, Wiley Blackwell, vol. 52(1), pages 165-177, 03.
- Stefan Szymanski, 2006. "Tilting the Playing Field: Why a sports league planner would choose less, not more, competitive balance," Working Papers 0620, International Association of Sports Economists & North American Association of Sports Economists.
- Stefan Szymanski, 2003. "The Economic Design of Sporting Contests," Journal of Economic Literature, American Economic Association, vol. 41(4), pages 1137-1187, December.
- Daniel R. Marburger, 1997. "Gate Revenue Sharing And Luxury Taxes In Professional Sports," Contemporary Economic Policy, Western Economic Association International, vol. 15(2), pages 114-123, 04.
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