Publication: The effect of luxury taxes on competitive balance, club profits, and social welfare in sports leagues
The effect of luxury taxes on competitive balance, club profits, and social welfare in sports leagues
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Dietl, H. M., Lang, M., & Werner, S. (2010). The effect of luxury taxes on competitive balance, club profits, and social welfare in sports leagues. International Journal of Sport Finance, 5(1), 41–51.
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Abstract
This paper presents a model of a professional sports league and analyzes the effect of luxury taxes on competitive balance, club profits, and social welfare. It shows that a luxury tax increases aggregate salary payments in the league and produces a more balanced league. Moreover, a higher tax rate increases the profits of large-market clubs, whereas the profits of small-market clubs only increase if the tax rate is not set inadequately high. Finally, we show that social welfare increases with a luxury tax.
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- Lang, Markus
- Werner, Stephan
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Citations
Dietl, H. M., Lang, M., & Werner, S. (2010). The effect of luxury taxes on competitive balance, club profits, and social welfare in sports leagues. International Journal of Sport Finance, 5(1), 41–51.
