The Effect of Luxury Taxes on Competitive Balance, Club Profits, and Social Welfare in Sports Leagues

被引：0
|
作者：
Dietl, Helmut M. [1 ]
Lang, Markus [1 ]
Werner, Stephan [1 ]
机构：
[1] Univ Zurich, CH-8006 Zurich, Switzerland
来源：
INTERNATIONAL JOURNAL OF SPORT FINANCE | 2010年 / 5卷 / 01期
关键词：
sports league; luxury tax; social welfare; competitive balance; PROFESSIONAL TEAM SPORTS;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper presents a model of a professional sports league and analyzes the effect of luxury taxes on competitive balance, club profits, and social welfare. It shows that a luxury tax increases aggregate salary payments in the league and 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.
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页码：41 / 51
页数：11
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