English, Article, Journal or magazine article edition: The Effect of Luxury Taxes on Competitive Balance, Club Profits, and Social Welfare in Sports Leagues Helmut Dietl; Markus Lang; Stephan Werner

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Bookmark: http://trove.nla.gov.au/version/91911
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Effect of Luxury Taxes on Competitive Balance, Club Profits, and Social Welfare in Sports Leagues
Author
  • Helmut Dietl
  • Markus Lang
  • Stephan Werner
Physical Description
  • preprint
Notes
  • RePEc:spe:wpaper:0823
  • This paper provides a game-theoretic model of a professional sports league and analyzes the effect of luxury taxes on competitive balance, club profits and social welfare. We show that a luxury tax increases aggregate salary payments in the league as well as produces a more balanced league. Moreover, a higher tax rate increases the profits of large-market clubs, whereas the profits of small-market clubs only increase if the tax rate is not set inadequately high. Finally, we show that social welfare increases with a luxury tax.
  • Sports League, Luxury Tax, Social Welfare, Competitive Balance
  • RePEc:iso:wpaper:0091
Language
  • English
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