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Comment on Driskill and Vrooman

Author

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  • Paul Madden

Abstract

Driskill and Vrooman have recently provided an interesting argument for a Cournot-based approach to modeling duopsony sports leagues with perfectly inelastic talent supply (the usual assumption for major North American sports league), quite different from the suggestion made by this author (and others) that specifications where talent expenditures are strategic variables (rather than Cournot talent levels ) are most appropriate for the context. This comment offers some clarifications and comparisons of the merits of the alternative approaches; they continue to point toward the talent expenditure approach as the most fruitful for the leagues under investigation and probably more generally.

Suggested Citation

  • Paul Madden, 2017. "Comment on Driskill and Vrooman," Journal of Sports Economics, , vol. 18(3), pages 271-281, April.
    • Handle: RePEc:sae:jospec:v:18:y:2017:i:3:p:271-281
    DOI: 10.1177/1527002515574516
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    References listed on IDEAS

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    1. Jason Winfree & Rodney Fort, 2013. "Reply to Szymanski’s “Some Observations on Fort and Winfree ‘Nash Conjectures and Talent Supply in Sports League Modeling: A Comment on Current Modeling Disagreements.’â€," Journal of Sports Economics, , vol. 14(3), pages 327-329, June.
    2. E. Woodrow Eckard, 2006. "Comment: "Professional Team Sports Are Only a Game: The Walrasian Fixed-Supply Conjecture Model, Contest-Nash Equilibrium, and the Invariance Principle"," Journal of Sports Economics, , vol. 7(2), pages 234-239, May.
    3. Stefan Szymanski, 2010. "Teaching Competition in Professional Sports Leagues," The Journal of Economic Education, Taylor & Francis Journals, vol. 41(2), pages 150-168, March.
    4. Stefan Szymanski, 2006. "Reply: "Professional Team Sports Are Only a Game: The Walrasian Fixed-Supply Conjecture Model, Contest-Nash Equilibrium, and the Invariance Principle"," Journal of Sports Economics, , vol. 7(2), pages 240-243, May.
    5. Jason Winfree & Rodney Fort, 2012. "Nash Conjectures and Talent Supply in Sports League Modeling," Journal of Sports Economics, , vol. 13(3), pages 306-313, June.
    6. Stefan Szymanski & Stefan Késenne, 2010. "Competitive Balance and Gate Revenue Sharing in Team Sports," Palgrave Macmillan Books, in: The Comparative Economics of Sport, chapter 7, pages 229-243, Palgrave Macmillan.
    7. John Vrooman, 2007. "Theory Of The Beautiful Game: The Unification Of European Football," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 314-354, July.
    8. Paul Madden, 2015. "“Walrasian Fixed Supply Conjecture†Versus “Contest-Nash†Solutions to Sports League Models," Journal of Sports Economics, , vol. 16(5), pages 540-551, June.
    9. Rodney Fort & James Quirk, 1995. "Cross-subsidization, Incentives, and Outcomes in Professional Team Sports Leagues," Journal of Economic Literature, American Economic Association, vol. 33(3), pages 1265-1299, September.
    10. Stefan Szymanski, 2013. "Some Observations on Fort and Winfree “Nash Conjectures and Talent Supply in Sports League Modeling," Journal of Sports Economics, , vol. 14(3), pages 321-326, June.
    11. Stefan Szymanski, 2004. "Professional Team Sports Are Only a Game," Journal of Sports Economics, , vol. 5(2), pages 111-126, May.
    12. Paul Madden, 2011. "Game Theoretic Analysis of Basic Team Sports Leagues," Journal of Sports Economics, , vol. 12(4), pages 407-431, August.
    13. Robert Driskill & John Vrooman, 2016. "It’s Not Over ‘til the Fat Lady Sings," Journal of Sports Economics, , vol. 17(4), pages 354-376, May.
    14. John Vrooman, 2009. "Theory of the Perfect Game: Competitive Balance in Monopoly Sports Leagues," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 34(1), pages 5-44, February.
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    Cited by:

    1. Robert Driskill & John Vrooman, 2017. "Talent Versus Payroll as Strategic Variables in Game Theoretic Models of Sports Leagues," Journal of Sports Economics, , vol. 18(6), pages 638-646, August.

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