Article
Upsets
Journal of Sports Economics
Document Type
Article
Publication Date
6-1-2012
Disciplines
Abstract
The article models the upset—a low-probability outcome of a periodic competition. It is assumed that the upset is an independent component of consumer preferences, whose marginal willingness to pay grows with time. The decision rule for a league on upset timing is a competitive-balance problem but is unlike standard models of competitive balance. Upset timing is likened partially to the optimal redemption time of a growing asset, and implications for competitive balance in this environment are derived.
DOI
10.1177/1527002511416562
Citation Information
Evan W. Osborne. "Upsets" Journal of Sports Economics Vol. 13 Iss. 3 (2012) p. 314 - 320 ISSN: 1527-0025 Available at: http://works.bepress.com/evan_osborne/8/