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A power-law distribution for tenure lengths of sports managers

Author

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  • Aidt, Toke S.
  • Leong, Bernard
  • Saslaw, William C.
  • Sgroi, Daniel

Abstract

We show that the tenure lengths for managers of sport teams follow a power law distribution with an exponent between 2 and 3. We develop a simple theoretical model which replicates this result. The model demonstrates that the empirical phenomenon can be understood as the macroscopic outcome of pairwise interactions among managers in a league, threshold effects in managerial performance evaluation, competitive market forces, and luck at the microscopic level.

Suggested Citation

  • Aidt, Toke S. & Leong, Bernard & Saslaw, William C. & Sgroi, Daniel, 2006. "A power-law distribution for tenure lengths of sports managers," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 370(2), pages 697-703.
    • Handle: RePEc:eee:phsmap:v:370:y:2006:i:2:p:697-703
    DOI: 10.1016/j.physa.2006.03.016
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    References listed on IDEAS

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    1. Steven N. Durlauf, 2005. "Complexity and Empirical Economics," Economic Journal, Royal Economic Society, vol. 115(504), pages 225-243, June.
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    Cited by:

    1. Goodall, Amanda H. & Kahn, Lawrence M. & Oswald, Andrew J., 2008. "Why Do Leaders Matter? The Role of Expert Knowledge," IZA Discussion Papers 3583, Institute of Labor Economics (IZA).
    2. Joseph Lampel & Jamal Shamsie & Zur Shapira, 2009. "Experiencing the Improbable: Rare Events and Organizational Learning," Organization Science, INFORMS, vol. 20(5), pages 835-845, October.

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