Profit vs. win maximization in a league: a paradox
Pre-print, Working paper: The paper studies a very simple game-theoretical model of sports competition such as the European football leagues. In this oligopoly-type context, the Cournot-Nash equilibrium reveals a paradoxical differentiation between clubs: those that include not only profit but also sporting performance in their objectives end up generating more profit than others who purely maximize profit.
Author(s)
Luc Arrondel, Richard Duhautois, Jean-François Laslier
Date of publication
- 2023
Keywords
- Cournot-Nash equilibrium
- Oligopoly
- Sports economics
- Football
Internal reference
- PSE Working Papers n°2023-45
Pages
- 17 p.
URL of the HAL notice
Version
- 1