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Governance of professional sports leagues - cooperatives versus contracts


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.

Abstract

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.

Abstract

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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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Date:2009
Deposited On:19 Apr 2009 09:21
Last Modified:06 Dec 2017 19:28
Publisher:Elsevier
ISSN:0144-8188
Publisher DOI:https://doi.org/10.1016/j.irle.2008.11.001

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