Construct · 1 fields · 1 citations

Louis-Schmeling paradox: a standalone construct

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Sport economics

the point that sport teams need strong rivals to produce a valuable contest, so firms in a league benefit from competitors' success.

In sport economics, Louis-Schmeling paradox refers to the point that sport teams need strong rivals to produce a valuable contest, so firms in a league benefit from competitors' success. This meaning comes from Neale (1964) in The Quarterly Journal of Economics.[1]

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Nearby constructs

need3 fields · 4 citationsjingle · one word, three constructs paradox3 fields · 4 citationsjingle · one word, three constructs sport1 fields · 1 citationsanchor · a standalone construct

References

Neale, W. C. (1964). The Peculiar Economics of Professional Sports: A Contribution to the Theory of the Firm in Sporting Competition and in Market Competition. The Quarterly Journal of Economics, 78(1), 1. https://doi.org/10.2307/1880543

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