Social Welfare in Sports Leagues with Profit-Maximizing and/or Win-Maximizing Clubs
نویسندگان
چکیده
منابع مشابه
Greedy Algorithms for Maximizing Nash Social Welfare
We study the problem of fairly allocating a set of indivisible goods among agents with additive valuations. The extent of fairness of an allocation is measured by its Nash social welfare, which is the geometric mean of the valuations of the agents for their bundles. While the problem of maximizing Nash social welfare is known to be APX-hard in general, we study the effectiveness of simple, gree...
متن کاملCompetitive Balance and Revenue Sharing in Sports Leagues with Utility-Maximizing Teams
This paper develops a contest model of a professional sports league in which clubs maximize a weighted sum of profits and wins (utility maximization). The model analyzes how more win-orientated behavior of certain clubs affects talent investments, competitive balance and club profits. Moreover, in contrast to traditional models, we show that revenue sharing does not always reduce investment inc...
متن کاملMaximizing profit using recommender systems
Traditional recommendation systems make recommendations based solely on the customer’s past purchases, product ratings and demographic data without considering the profitability the items being recommended. In this work we study the question of how a vendor can directly incorporate the profitability of items into its recommender so as to maximize its expected profit while still providing accura...
متن کاملAPX-Hardness of Maximizing Nash Social Welfare with Indivisible Items
We study the problem of allocating a set of indivisible items to agents with additive utilities to maximize the Nash social welfare. Cole and Gkatzelis [3] recently proved that this problem admits a constant factor approximation. We complement their result by showing that this problem is APX-hard.
متن کاملOn Maximizing Profit through Pricing
Several important practical problems and techniques which are familiar to both actuaries and underwriters are discussed informally and then analyzed mathematically. The main subjects are the degree to which profitability can be improved by estimating the expected losses of risks more accurately, and the usefulness of various methods of improving accuracy. The effect of raising or lowering the g...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Southern Economic Journal
سال: 2009
ISSN: 0038-4038
DOI: 10.4284/sej.2009.76.2.375