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Broadcasting revenue sharing after cancelling sports competitions

The COVID-19 pandemic forced the partial or total cancellation of most sports competitions worldwide. Sports organizations crucially rely on revenues raised from broadcasting. How should the allocation of these revenues be modified when sports leagues are cancelled? We aim to answer that question in...

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Detalles Bibliográficos
Autores principales: Bergantiños, Gustavo, Moreno-Ternero, Juan D.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10012318/
https://www.ncbi.nlm.nih.gov/pubmed/37361079
http://dx.doi.org/10.1007/s10479-023-05246-0
Descripción
Sumario:The COVID-19 pandemic forced the partial or total cancellation of most sports competitions worldwide. Sports organizations crucially rely on revenues raised from broadcasting. How should the allocation of these revenues be modified when sports leagues are cancelled? We aim to answer that question in this paper by means of the axiomatic approach. Two extension operators (dubbed zero and leg operators, respectively) will play a major role in our analysis. We show that several combinations of axioms (formalizing ethical or strategic principles) characterize the image via those operators of two focal rules: the equal-split rule and concede-and-divide.