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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Governance of professional sports leagues - cooperatives versus contracts |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | International Review of Law and Economics |
| Publisher | Elsevier |
| Geographical Reach | international |
| ISSN | 0144-8188 |
| Volume | 29 |
| Number | 2 |
| Page Range | 127 - 137 |
| Date | 2009 |
| Abstract Text | Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American counterparts who are organized since their beginning in a cooperative-like manner. Based on a comparative institutional analysis, we explain the advantages of the cooperative form of league organization over contractual governance. With our four-stage game-theoretic model, we show that contractual governance of sports leagues leads to larger investment distortions than cooperative league organization. |
| Digital Object Identifier | 10.1016/j.irle.2008.11.001 |
| Other Identification Number | merlin-id:941 |
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