Papahristodoulou, Christos (2009): Bonus, effort, costs, market size and teams' performance.
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This paper examines the effects of a win bonus, effort, costs and team size, on the demand for talented players, the win percentage and the profits of small and big teams. Teams play a Cournot game, under the following objective functions: (i) teams maximize profits, (ii) teams maximize win percentage, (iii) the small team maximizes profit and the big win percentage, and (iv) vice versa. The effects are based on a priori selected parameter values and bounds, as well as from optimal solutions of non-linear programs, by maximizing anyone of the four win percentage formulae, derived from the respective Cournot reaction functions.
|Item Type:||MPRA Paper|
|Original Title:||Bonus, effort, costs, market size and teams' performance|
|Keywords:||Teams; talents; effort; win bonus; win percentage; competitive balance; profits|
|Subjects:||L - Industrial Organization > L8 - Industry Studies: Services > L83 - Sports ; Gambling ; Restaurants ; Recreation ; Tourism
D - Microeconomics > D4 - Market Structure, Pricing, and Design > D43 - Oligopoly and Other Forms of Market Imperfection
M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M2 - Business Economics > M21 - Business Economics
|Depositing User:||Christos Papahristodoulou|
|Date Deposited:||28. Aug 2009 18:56|
|Last Modified:||12. Feb 2013 20:21|
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