90 likes | 115 Views
Rodney Fort's Sports Economics. Chapter 5 Sports Market Outcomes I. Table 5-1 Predictions about Rules Changes and Performance. Figure 5-1 Rival League Talent Dilemma.
E N D
Rodney Fort's Sports Economics Chapter 5Sports Market Outcomes I
Figure 5-1Rival League Talent Dilemma Legend: The dominant strategy in this game is for both leagues to spend high and obtain major league status. For example, if League 1 spends high, so should League 2. If League 1 spends low, League 2 should still spend high. And the same strategy holds for League 1 since the payoffs are symmetric. But if the costs of maintaining major league status are too high over time, only one dominant league can survive.
Table 5-3Pro Sports League Coverage of the Top 30 Cities by Population