SMU SOE Seminar (Oct 31, 2019): A Family of Rules to Share the Revenues from Broadcasting Sport Events

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ABSTRACT We consider the problem of sharing the revenues from broadcasting sport league events, introduced by Bergantinos and Moreno-Ternero (2019). We characterize a family of rules compromising between two focal and somewhat polar rules: the equal-split rule and concede-and-divide. The characterization only makes use of three basic axioms: equal treatment of equals, additivity and maximum aspirations. We also show further interesting features of the family: (i) if we allow teams to vote for any rule within the family, then a majority voting equilibrium exists; (ii) the rules within the family yield outcomes that are fully ranked according to the Lorenz dominance criterion; (iii) the family provides rationale for existing schemes in real-life situations. Keywords: Resource allocation, broadcasting, sport events, concede-and-divide, equal-split. JEL Codes: D63, C71, Z20. Click here to view the paper. Click here to view the CV.
		PRESENTER Juan Moreno-Ternero Universidad Pablo de Olavide
		RESEARCH FIELDS Welfare Economics Distributive Justice Game Theory Health Economics
		DATE: 31 October 2019 (Thursday)
		TIME: 4pm - 5.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903