2018
DOI: 10.1111/ecin.12702
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Winning in Professional Team Sports: Historical Moments

Abstract: Our aims in this paper are to (1) examine the higher moments of the distribution of winning percentages and (2) discover economic implications of such an examination. The results prove useful to both current sports league policy questions and future research. We speculate that the institutional differences between North American pro leagues and European soccer leagues will prove fruitful areas for future research on the determination of competitive balance. (JEL C1, L83, Z20)

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Cited by 7 publications
(23 citation statements)
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“…Whether interventions, both from the product and the labour market, should be introduced or extended in European leagues are issues highly relevant for league management. One complication is, however, that subsequent effects may not only be on competitive balance, because they could also happen at the expense of domestic clubs' international competitiveness (see, for example, Jang et al, 2019). The latter is especially relevant in European football and handball, through the Champions League arranged by both UEFA and the EHF.…”
Section: Conclusion and Discussionmentioning
confidence: 99%
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“…Whether interventions, both from the product and the labour market, should be introduced or extended in European leagues are issues highly relevant for league management. One complication is, however, that subsequent effects may not only be on competitive balance, because they could also happen at the expense of domestic clubs' international competitiveness (see, for example, Jang et al, 2019). The latter is especially relevant in European football and handball, through the Champions League arranged by both UEFA and the EHF.…”
Section: Conclusion and Discussionmentioning
confidence: 99%
“…Based on Noll (1988) and Scully (1989), and presented in Quirk and Fort (1992), the ratio of standard deviation (RSD) has been the most common measure for win dispersion (see Fort, 2007 andJang et al, 2019). It is defined as follows:…”
Section: Methodsmentioning
confidence: 99%
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“…There are many methods to measure these variations, and no single method should be regarded as most appropriate [8]. The withinseason, competitive balance has been evaluated for a number of individual or team sports, including baseball, basketball, football, ice hockey, soccer, speed skating, table tennis, and tennis using the Herfindahl-Hirschman Index (HHI), Competitive Balance Ratio (CBR), the ratio of standard deviations (RSD), Gini coefficient and related Lorenz curve, relative entropy, and other, specific-sport-based criteria, such as points, scores, or time [10][11][12][13][14][15][16][17][18][19][20][21][22]. Between-seasons variation can be evaluated for an individual team using the team-specific variation in standing in different seasons (turnover) [11], or by measuring the concentration of championships in a given time period [8].…”
Section: Introductionmentioning
confidence: 99%