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The Election of a World Champion

Author

Listed:
  • Martin Langen, Thomas Krauskopf

Abstract

This paper examines the mechanisms by which a World Champion is chosen in the For-mula One Championship. Furthermore it is analysed whether there is a best method to do this. For this purpose we will discuss the methods used by the Fédération Internationale de l’Automobile (FIA) since the founding of the World Championship in 1950. We show how the election of a method affects the Formula One contest. We then give insight whether there is a best method to se-lect a World Champion or not. We therefore discuss Arrow’s Impossible Theorem with respect to this sports contest. Moreover we simulated several seasons and compared different scoring vectors with respect to indicators that might be important for viewer’s demand.

Suggested Citation

  • Martin Langen, Thomas Krauskopf, "undated". "The Election of a World Champion," Working Papers 201039, Institute of Spatial and Housing Economics, Munster Universitary.
  • Handle: RePEc:muc:wpaper:201039
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    File URL: http://www.wiwi.uni-muenster.de/cawm/forschen/Download/Diskbeitraege/DP39_LangenKrauskopf---The-Election-of-a-World-Champion.pdf
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    More about this item

    Keywords

    Social Choice; Aggregation rules; Ranking; Sport; Formula One;

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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