Limitations of the relative standard deviation of win percentages for measuring competitive balance in sports leagues
The relative standard deviation of win percentages, widely used to measure competitive balance, has an upper bound which varies with the numbers of teams and games played. Accounting for this upper bound provides additional insights into competitive balance comparisons.
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- Kelly Goossens, 2006. "Competitive Balance in European Football - Comparison by Adapting Measures: National Measure of Seasonal Imbalance and Top 3," IASE Conference Papers 0620, International Association of Sports Economists.
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- Oscar Bajo & Rafael Salas, 1999. "Inequality Foundations of Concentration Measures: An Application to the Hannah-Kay Indices," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 9901, Departamento de Economía - Universidad Pública de Navarra.
- P. Owen & Michael Ryan & Clayton Weatherston, 2007. "Measuring Competitive Balance in Professional Team Sports Using the Herfindahl-Hirschman Index," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 31(4), pages 289-302, December.
- Rodney Fort & James Quirk, 1995. "Cross-subsidization, Incentives, and Outcomes in Professional Team Sports Leagues," Journal of Economic Literature, American Economic Association, vol. 33(3), pages 1265-1299, September.
- Joshua Utt & Rodney Fort, 2002. "Pitfalls to Measuring Competitive Balance With Gini Coefficients," Journal of Sports Economics, The North American Association of Sports Economists, vol. 3(4), pages 367-373, November.
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