Incentives And Outcomes In A Strategic Setting: The 3-Points-For-A-Win System In Soccer
"I exploit a major structural change that has occurred in world soccer to study the impact of incentives on outcomes in a strategic setting. A game-theoretic model is developed that captures some essential strategic elements of soccer vis-à-vis the number of points awarded to a win. The observable implications of the model are tested using a large data set that spans 30 years and 35 countries. The empirical results support the theoretical model and show that the 3-point system has led to a statistically significant increase in the expected number of goals and a decrease in the fractions of drawn matches." ("JEL" C72, L83, C23) Copyright (c) 2008 Western Economic Association International.
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Volume (Year): 48 (2010)
Issue (Month): 1 (01)
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