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Betting scandals and attenuated property rights - How betting related match fixing can be prevented in future

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Author Info

  • Helmut Dietl

    ()
    (Institute for Strategy and Business Economics, University of Zurich)

  • Christian Weingärtner

    ()
    (Institute for Strategy and Business Economics, University of Zurich)

Abstract

Recently, a number of high-profile betting scandals have shocked European football. Since such scandals threaten the integrity of the sport, which is one of its major assets, football officials have taken prominent measures to avoid further scandals. Unfortunately, these measures have not yet been successful. Additional or different measures seem to be necessary to protect the integrity of the sport. In this paper we analyze the economic causes of betting scandals from a property rights perspective. The analysis consists of three parts. First, we show that after a continuous attenuation of property rights over the last decades, football fixtures and results today are a costless input for the business model of the large industry of bookmakers and betting platforms. In the second part, we explain the economic responses of the betting industry to the property rights attenuation and the resulting facilitation of betting scandals. In the third part, we evaluate three alternative solutions to the problem: taxation, regulation, and property rights allocation and enforcement. The third approach is especially promising and has been successfully used in other industries as well.

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File URL: http://repec.business.uzh.ch/RePEc/iso/ISU_WPS/154_ISU_full.pdf
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Bibliographic Info

Paper provided by University of Zurich, Institute for Strategy and Business Economics (ISU) in its series Working Papers with number 0154.

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Length: 20 pages
Date of creation: Feb 2012
Date of revision:
Handle: RePEc:iso:wpaper:0154

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Related research

Keywords: Property Rights; Attenuation; Betting; Scandal; Match fixing; Corruption;

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  1. Ian Preston, 2003. "Cheating in Contests," Oxford Review of Economic Policy, Oxford University Press, vol. 19(4), pages 612-624, Winter.
  2. Raul Caruso, 2009. "The Basic Economics of Match Fixing in Sport Tournaments," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 39(3), pages 355-377, December.
  3. Davies, Mark & Pitt, Leyland & Shapiro, Daniel & Watson, Richard, 2005. "Betfair.com:: Five Technology Forces Revolutionize Worldwide Wagering," European Management Journal, Elsevier, vol. 23(5), pages 533-541, October.
  4. Baumol, William J, 1972. "On Taxation and the Control of Externalities," American Economic Review, American Economic Association, vol. 62(3), pages 307-22, June.
  5. David Paton & Donald S. Siegel & Leighton Vaughan Williams, 2002. "A Policy Response To The E--Commerce Revolution: The Case Of Betting Taxation In The UK," Economic Journal, Royal Economic Society, vol. 112(480), pages F296-F314, June.
  6. Justin Wolfers, 2006. "Point Shaving: Corruption in NCAA Basketball," American Economic Review, American Economic Association, vol. 96(2), pages 279-283, May.
  7. Julie Smith, 2000. "Gambling Taxation: Public Equity in the Gambling Business," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 33(2), pages 120-144.
  8. Laffey, Des, 2005. "Entrepreneurship and Innovation in the UK Betting Industry:: The Rise of Person-to-Person Betting," European Management Journal, Elsevier, vol. 23(3), pages 351-359, June.
  9. David Forrest, 2003. "Sport and Gambling," Oxford Review of Economic Policy, Oxford University Press, vol. 19(4), pages 598-611, Winter.
  10. Raymond D. Sauer, 1998. "The Economics of Wagering Markets," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 2021-2064, December.
  11. Bag, Parimal Kanti & Saha, Bibhas, 2011. "Match-fixing under competitive odds," Games and Economic Behavior, Elsevier, vol. 73(2), pages 318-344.
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