IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Mistaking Style for Substance

Listed author(s):
  • Vani K. Borooah
  • John Mangan

The formation of the Indian Premier League (IPL) in 2008 sought to unlock the commercial potential that the popularity of T20 cricket offered by modeling itself on football’s English Premier League. The IPL acted as a holding company, securing the participation of players through a guaranteed base price and then selling these players to the various IPL franchises though an auction system which determined their final payment. There were thus two components to a player’s “value†: the base price determined by the IPL and the final price paid at the IPL auction by the winning bid for that player. The basic assumption made in this article is that the base price for a player is founded for the most part on the publicly available information about him. However, auction under IPL 2008 was characterized with large and unexpected base–final price differences. This raises the possibility that the bidding process was driven by the “irrational exuberance†created within the newly formed franchises. This article measures the scale of such exuberance and evaluates, on the basis of their IPL record, whether players were good or bad buys.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by in its journal Journal of Sports Economics.

Volume (Year): 13 (2012)
Issue (Month): 3 (June)
Pages: 266-287

in new window

Handle: RePEc:sae:jospec:v:13:y:2012:i:3:p:266-287
Contact details of provider:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:sae:jospec:v:13:y:2012:i:3:p:266-287. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.