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Title or Money

Author

Listed:
  • Murat Issabayev

    (Narxoz University)

  • Yessengali Oskenbayev

    (Suleyman Demirel University)

Abstract

We examine what is more important for the professional boxers tending to fight on the ring. We employ a famous Nash bargaining (1950) tool and show that both a champion and a contender are concerned about championship title and monetary prize generated from the fans for watching the fight. However, both players value money revenue more than a championship title.

Suggested Citation

  • Murat Issabayev & Yessengali Oskenbayev, 2019. "Title or Money," Economics Bulletin, AccessEcon, vol. 39(3), pages 1912-1917.
    • Handle: RePEc:ebl:ecbull:eb-18-00715
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/Pubs/EB/2019/Volume39/EB-19-V39-I3-P179.pdf
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    References listed on IDEAS

    as
    1. Rubinstein, Ariel, 1982. "Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
    2. Muthoo,Abhinay, 1999. "Bargaining Theory with Applications," Cambridge Books, Cambridge University Press, number 9780521576475, October.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Zafer Akin & Murat Issabayev & Islam Rizvanoghlu, 2023. "Incentives and Strategic Behavior of Professional Boxers," Journal of Sports Economics, , vol. 24(1), pages 28-49, January.

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    More about this item

    Keywords

    Title; monetary prize; boxing sports; Nash bargaining;
    All these keywords.

    JEL classification:

    • J4 - Labor and Demographic Economics - - Particular Labor Markets
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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