haku: @indexterm Industrial organization / yhteensä: 223
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| Tekijä: | Frascatore, M. |
| Otsikko: | The grouping of stars: an application to professional sports |
| Lehti: | International Journal of Industrial Organization
1999 : OCT, VOL. 17:7, p. 1009-1027 |
| Asiasana: | INDUSTRIAL ORGANIZATION SPORTS INDUSTRY ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | This paper uses a two-period model to analyze competition for high-quality labour in a professional sports markets. Leagues vertically differentiate their products by competing for the services of a small number of stars, thereby endogenizing the cost of product quality. If utility is linear or convex in the number of stars, one league successfully employs all of them. This grouping of stars results in an equilibrium market structure of either a monopoly or a duopoly, depending on the opportunity costs of players and the number of consumers. |
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