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The Winner's Curse in Sports Economics

Author

Listed:
  • Wladimir Andreff

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The winner's curse occurs in four situations in the sports economy. When bidding to host a mega-sporting event, the winner's curse reveals in cost overruns. When bidding to attract a sport franchise, it appears that the host city is not worth off. When television channels bid to acquire broadcasting rights over a sport event, they pay more than its value. When teams are overbidding to recruit free agent and superstar players, they happen to end up in the red. Indices are suggested to verify the existence of a winner's curse in the four cases.

Suggested Citation

  • Wladimir Andreff, 2014. "The Winner's Curse in Sports Economics," Post-Print halshs-01117785, HAL.
    • Handle: RePEc:hal:journl:halshs-01117785
    as

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