Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-18227
Dietl, H; Franck, E; Hasan, T; Lang, M (2009). Governance of professional sports leagues - cooperatives versus contracts. International Review of Law and Economics, 29(2):127-137.
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Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American counterparts who are organized since their beginning in a cooperative-like manner. Based on a comparative institutional analysis, we explain the advantages of the cooperative form of league organization over contractual governance. With our four-stage game-theoretic model, we show that contractual governance of sports leagues leads to larger investment distortions than cooperative league organization.
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|Item Type:||Journal Article, refereed, original work|
|Communities & Collections:||03 Faculty of Economics > Department of Business Administration|
|Deposited On:||19 Apr 2009 09:21|
|Last Modified:||27 Nov 2013 18:10|
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