BIDDING TILL BANKRUPT - DESTRUCTIVE COMPETITION IN PROFESSIONAL TEAM SPORTS

被引:24
作者
WHITNEY, JD
机构
关键词
D O I
10.1111/j.1465-7295.1993.tb00869.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
The analysis and evidence here suggest that the market for star athletes in professional sports could be subject to ''destructive competition''-a competitive process which drives some participants from a market even though it is inefficient for them to leave. When pursuing a league championship, the talent which turns an average team into a contender contributes disproportionately to the team's success. Terms which fail to earn enough on the last stars they sign to offset losses on their infra-marginal talent will abandon a competitive market for star athletes. Other situations that involve input rivalry between producers might yield similar results.
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页码:100 / 115
页数:16
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