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The search for optimal Competative Balance in Formula One

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  • Thomas Krauskopf, Martin Langen, Björn Bünger

Abstract

In this paper an analysis of the determinants of attractiveness of the Formula One is attempted. Therefore the concept of competitive balance will be explained and applied. The principal item of this analysis will be the result that there is an optimal level of competitive balance which maximizes the attractiveness. This concept will be applied through an empirical analysis of the determinants of the German Formula One number of TV viewers. It is shown that the influence of competitive balance is not totally clear. A too high level of competitive balance seems to be as detrimental as a too low level of competitive balance.

Suggested Citation

  • Thomas Krauskopf, Martin Langen, Björn Bünger, "undated". "The search for optimal Competative Balance in Formula One," Working Papers 201038, Institute of Spatial and Housing Economics, Munster Universitary.
    • Handle: RePEc:muc:wpaper:201038
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    File URL: http://www.wiwi.uni-muenster.de/cawm/forschen/Download/Diskbeitraege/DP_38_The-search-for-optimal-competitive-balance-in-Formula-One_Krauskopf_Buenger_Langen.pdf
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    References listed on IDEAS

    as
    1. Jeffery Borland, 2003. "Demand for Sport," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(4), pages 478-502, Winter.
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    More about this item

    Keywords

    Sports Economics; Formula 1; competitive balance; attractiveness of sports;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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