Question

In: Economics

Do you think the presence of live spectators attending a game/match makes a difference in sports...

  • Do you think the presence of live spectators attending a game/match makes a difference in sports competition outcomes and impacts competitive balance (consider the changes made because of covid-19)?
  • How effective is the reverse-order draft for a professional sports team focused on profit-maximization? For a team focused on win-maximization?

Solutions

Expert Solution

Presence of live spectators attending a game/match does make a difference in sports competition outcomes to some extent as players were used to that sort of ambience. One realises the enormity of the game when there is an audience and companies get to see how many seats are occupied to gauge audience reaction and seek advertisement revenue. Players are enthusiastic to gain that experience and are motivated when they are cheered on which influences sports competition outcome to some extent. Now as there is no audience to cheer, they might be not as motivated, which might influence the outcome of the game. This ultimately will lead to some impact on the competitive balance, but once players get used to this sort of ambience than the competitive aspect might return back to normal if a virtual audience is broadcasted.

Reverse order draft is essentially when players are recruited from worst to best players. The weakest team in the league is the first one to chose talent. While the strongest team gets the last chance. It levels out talent between all the teams, thus it increases the competitive nature between teams and teams sometimes lose intentionally to have the first choice in choosing a player, thus as the competitive nature increases, the chances of profit maximisation lessen, as players are also paid less and teams also earn less as there is no guarantee that they are going to win for sure.

Same applies for win-maximisation as the teams are leveled, anyone can win, thus reverse order draft is not effective for a team focused on win-maximisation as well.


Related Solutions

Three spectators attending an Arizona Diamondbacks baseball game are hit by a flying bat and sue...
Three spectators attending an Arizona Diamondbacks baseball game are hit by a flying bat and sue the Diamondbacks. The Diamondbacks would use the ____________ defense to support why they are not liable for damages. B. assumption of risk. A. contributory negligence. D. proximate cause. C. comparative negligence. E. actual cause. Paul filed a lawsuit for false imprisonment against Dan’s Bookstore. During a visit to Dan’s Bookstore, Dan stopped Paul as he left the store. Dan accused Paul of stealing a...
Do you think employers should have to match employees FICA taxes? Do you think employers should...
Do you think employers should have to match employees FICA taxes? Do you think employers should be responsible for paying unemployment taxes on its employees? In order to receive your full points, your discussion should be thorough and you must reply to another student's discussion. Make sure that you state the classmate's name to whom you are replying. Also, this should be a thorough discussion. Typically one sentence is not a discussion.
"Do you think that the culture that you live within is more collectivistic or individualistic? What...
"Do you think that the culture that you live within is more collectivistic or individualistic? What are the advantages and disadvantages of either?" Can this be answered with three paragraphs?
What is the difference between a genotype and a phenotype? Do these always match? Can you...
What is the difference between a genotype and a phenotype? Do these always match? Can you think of a time when they don’t match? Do genotype and phenotype always matched when considering sex-linked traits, or does this differ for males and females, and if so, why?
Econ 3030- Sports Economics Do you think professional sports leagues are better viewed as cartels made...
Econ 3030- Sports Economics Do you think professional sports leagues are better viewed as cartels made up of independent firms or as a single, multiplant firm? Why might this matter?
Read the following advertisement that appeared in the community newspaper where you live. Do you think...
Read the following advertisement that appeared in the community newspaper where you live. Do you think the advertisement violates any of the ethics rules? Explain the reasons for your answer. IRS TAX TERMINATOR, A Professional Services Corporation We have ten CPAs on staff and provide a full range of tax services. We guarantee a tax refund or you pay nothing for our services. Call us at (999-777-7711). Your call will be routed to one of our tax experts who will...
What new Big Data trends in the field of sports do you think will impact the...
What new Big Data trends in the field of sports do you think will impact the sport and audiences the most? why?
Do you think the United States (or the country where you live) should phase out dependence...
Do you think the United States (or the country where you live) should phase out dependence on imported oil? Write up a three-point program that you would use to accomplish this. List two major challenges you would face in achieving this goal and explain how you could deal with each.
Do you think it makes sense to do a seed round of financing? Why or why...
Do you think it makes sense to do a seed round of financing? Why or why not?
What do you think makes a good business report and presentation?
What do you think makes a good business report and presentation?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT