SALARY CAP REGULATION IN PROFESSIONAL TEAM SPORTS.
This paper analyzes the effects of a percentage-of-revenue salary cap in a team sports league with win-maximizing clubs and flexible talent supply. It shows that a percentage-of-revenue cap produces a more balanced league and decreases aggregate salary payments. Taking into account the idiosyncrasie...
| Publicado en: | Contemporary Economic Policy Vol. 30; no. 3; pp. 307 - 320 |
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| Autores principales: | , , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jul2012
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=77498799&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 77498799 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: Y pubinfo: dt: Jul2012 vid: 30 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 77498799 10.1111/j.1465-7287.2011.00265.x ppf: 307 ppct: 13 formats: fmt: @attributes: type: P size: 549KB tig: atl: SALARY CAP REGULATION IN PROFESSIONAL TEAM SPORTS. aug: au: DIETL, HELMUT M. FRANCK, EGON LANG, MARKUS RATHKE, ALEXANDER affil: Dietl: Professor, Department of Business Administration, University of Zurich, CH-8032 Zurich, Switzerland. Phone +41 44 634 53 11, Fax +41 44 634 53 01, E-mail Franck: Professor, Department of Business Administration, University of Zurich, CH-8032 Zurich, Switzerland. Phone +41 44 634 29 27, Fax +41 44 634 43 48, E-mail Lang: Senior Research Associate, Department of Business Administration, University of Zurich, CH-8032 Zurich, Switzerland. Phone +41 44 634 53 11, Fax +41 44 634 53 01, E-mail Rathke: Senior Research Associate, Department of Economics, University of Zurich, CH-8032 Zurich, Switzerland. Phone +41 44 634 52 61, Fax +41 44 634 22 91, E-mail su: Salary caps in sports Team sports Revenue Athletic leagues Sports law Athletic clubs Wage payment systems Finance sug: subj: All Other Amusement and Recreation Industries Sports Teams and Clubs Fitness and Recreational Sports Centers Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) Salary caps in sports Team sports Revenue Athletic leagues Sports law Athletic clubs Wage payment systems Finance ab: This paper analyzes the effects of a percentage-of-revenue salary cap in a team sports league with win-maximizing clubs and flexible talent supply. It shows that a percentage-of-revenue cap produces a more balanced league and decreases aggregate salary payments. Taking into account the idiosyncrasies of European football, our paper further highlights the potential conflicts between the league and society. From the perspective of a league governing body, a percentage-of-revenue cap always enhances financial stability of win-maximizing clubs. A social planner, however, will not permit the introduction of such a cap if fans and players unduly suffer. This paper shows under which conditions the social planner accepts (rejects) a salary cap proposed by the league regulator. ( JEL D02, D60, L83) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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