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.
- 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.
- P. Owen & Michael Ryan & Clayton Weatherston, 2007. "Measuring Competitive Balance in Professional Team Sports Using the Herfindahl-Hirschman Index," Review of Industrial Organization, Springer, vol. 31(4), pages 289-302, December.
- Oscar Bajo & Rafael Salas, 1999.
"Inequality Foundations of Concentration Measures: An Application to the Hannah-Kay Indices,"
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9901, Departamento de Economía - Universidad Pública de Navarra.
- Oscar Bajo & Rafael Salas, 2002. "Inequality foundations of concentration measures: An application to the Hannah-Kay indices," Spanish Economic Review, Springer, vol. 4(4), pages 311-316.
- Joshua Utt & Rodney Fort, 2002. "Pitfalls to Measuring Competitive Balance With Gini Coefficients," Journal of Sports Economics, , vol. 3(4), pages 367-373, November.
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