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Evaluation of sporting success in Austria: An institutional economics analysis

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  • Barth, Michael
  • Emrich, Eike
  • Daumann, Frank

Abstract

In analysis of Austrian elite sport, a distinction can be made between hierarchical and market organization. Following Williamson, the question of a superiority of governance form caused by the factor specificity of investments is being investi-gated. The results from an applied logit-loglinear model on data from survey with Austrian 'squad-athletes' show that apparently there exists no such superiority. Further investigation of data shows that these results appear to be caused by Aus-tria's "pre-conditions". In a hybrid form of organization like in Austria centraliza-tion might have exceeded the optimal extend and congruency of different products seem to be overemphasized.

Suggested Citation

  • Barth, Michael & Emrich, Eike & Daumann, Frank, 2017. "Evaluation of sporting success in Austria: An institutional economics analysis," Working Papers of the European Institute for Socioeconomics 20, European Institute for Socioeconomics (EIS), Saarbrücken.
  • Handle: RePEc:zbw:eiswps:20
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    File URL: https://www.econstor.eu/bitstream/10419/230870/1/EIS-Workingpaper-20-2017.pdf
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    References listed on IDEAS

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