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Le sport aux enchères : la malédiction du vainqueur

Author

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  • Wladimir Andreff

Abstract

Sports organizations that hold monopolies (monopsonies) maximize their rent by imposing auctions on their customers (suppliers). The latter suffer from the curse of the auction winner and overpay. This process plays out when: (1) major international sporting events are awarded and candidate cities are encouraged to outbid each other; (2) team owners of North American sports leagues have potential host cities bid for their franchises; (3) TV broadcasting rights are auctioned off among competing networks; (4) acquiring superstar players in the arms race between the richest sports teams. JEL classification:

Suggested Citation

  • Wladimir Andreff, 2024. "Le sport aux enchères : la malédiction du vainqueur," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 17-27.
    • Handle: RePEc:cai:refaef:ecofi_154_0017
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    More about this item

    Keywords

    D42; D44; Z20; Z22; Z23;
    All these keywords.

    JEL classification:

    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • Z20 - Other Special Topics - - Sports Economics - - - General
    • Z22 - Other Special Topics - - Sports Economics - - - Labor Issues
    • Z23 - Other Special Topics - - Sports Economics - - - Finance

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