SALARY CAP REGULATION IN PROFESSIONAL TEAM SPORTS

被引：14
作者：
Dietl, Helmut M. [1 ]
Franck, Egon [1 ]
Lang, Markus [1 ]
Rathke, Alexander [2 ]
机构：
[1] Univ Zurich, Dept Business Adm, CH-8032 Zurich, Switzerland
[2] Univ Zurich, Dept Econ, CH-8032 Zurich, Switzerland
来源：
CONTEMPORARY ECONOMIC POLICY | 2012年 / 30卷 / 03期
关键词：
EMPIRICAL-EVIDENCE; ECONOMICS; FOOTBALL; IMPACT;
D O I：
10.1111/j.1465-7287.2011.00265.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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)
引用
收藏
页码：307 / 319
页数：13
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