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TOPIC:
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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.
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PRESENTER
Juan Moreno-Ternero
Universidad Pablo de Olavide
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RESEARCH FIELDS
Welfare Economics
Distributive Justice
Game Theory
Health Economics
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DATE:
31 October 2019 (Thursday)
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TIME:
4pm - 5.30pm
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VENUE:
Meeting Room 5.1, Level 5
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903
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