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Measuring Parity in Sports Leagues With Draws

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  • P. Dorian Owen

Abstract

This article reexamines the calculation of the relative standard deviation (RSD) measure of competitive balance in leagues in which draws are possible outcomes. Some key conclusions emerging from the exchange between Cain and Haddock and Fort are reversed. There is no difference, for any given points assignment scheme, between the RSD for absolute points compared to percentages of points. However, variations in the points assignment that change the ratio of points for a win compared to a draw do result in different RSD values, although the numerical differences are minor.

Suggested Citation

  • P. Dorian Owen, 2012. "Measuring Parity in Sports Leagues With Draws," Journal of Sports Economics, , vol. 13(1), pages 85-95, February.
  • Handle: RePEc:sae:jospec:v:13:y:2012:i:1:p:85-95
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    References listed on IDEAS

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    1. Hart, Oliver & Moore, John, 1990. "Property Rights and the Nature of the Firm," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-1158, December.
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    3. Hongbin Cai & Walter Cont, 2004. "Agency Problems and Commitment in Delegated Bargaining," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 13(4), pages 703-729, December.
    4. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    5. Eberhard Feess & Gerd Muehlheusser, 2003. "The Impact of Transfer Fees on Professional Sports: An Analysis of the New Transfer System for European Football," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(1), pages 139-154, March.
    6. John Fingleton, 2005. "Career Concerns of Bargainers," Journal of Law, Economics, and Organization, Oxford University Press, vol. 21(1), pages 179-204, April.
    7. Hart, Oliver, 1995. "Firms, Contracts, and Financial Structure," OUP Catalogue, Oxford University Press, number 9780198288817.
    8. Patrick W. Schmitz, 2006. "Information Gathering, Transaction Costs, and the Property Rights Approach," American Economic Review, American Economic Association, vol. 96(1), pages 422-434, March.
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    Citations

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    Cited by:

    1. Dorian Owen, 2014. "Measurement of competitive balance and uncertainty of outcome," Chapters,in: Handbook on the Economics of Professional Football, chapter 3, pages 41-59 Edward Elgar Publishing.
    2. Brian Mills & Rodney Fort, 2014. "League-Level Attendance And Outcome Uncertainty In U.S. Pro Sports Leagues," Economic Inquiry, Western Economic Association International, vol. 52(1), pages 205-218, January.
    3. P. Dorian Owen & Nicholas King, 2015. "Competitive Balance Measures In Sports Leagues: The Effects Of Variation In Season Length," Economic Inquiry, Western Economic Association International, vol. 53(1), pages 731-744, January.
    4. Todd Jewell, 2014. "Major league soccer in the USA," Chapters,in: Handbook on the Economics of Professional Football, chapter 21, pages 351-367 Edward Elgar Publishing.
    5. repec:qut:auncer:2013_04 is not listed on IDEAS

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