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dc.contributor.authorOwen, P. Dorian
dc.contributor.authorOwen, Caitlin A.
dc.date.available2017-12-20T23:05:53Z
dc.date.copyright2017-12
dc.identifier.citationOwen, P. D., & Owen, C. A. (2017). Simulation Evidence on Herfindahl-Hirschman Indices as Measures of Competitive Balance Economics Discussion Papers Series No. 1715). University of Otago. Retrieved from http://hdl.handle.net/10523/7797en
dc.identifier.issn1178-2293
dc.identifier.urihttp://hdl.handle.net/10523/7797
dc.description.abstractMeasurement of the degree of competitive balance, how evenly teams are matched, is central to the economic analysis of professional sports leagues. A common problem with competitive balance measures, however, is their sensitivity to the number of teams and the number of matches played by each team, i.e., season length. This paper uses simulation methods to examine the effects of changes in season length on the distributions of several widely used variants of the Herfindahl-Hirschman index applied to wins in a season. Of the measures considered, a normalized measure, accounting for lower and upper bounds, and an adjusted measure perform best, although neither completely removes biases associated with different season lengths.en_NZ
dc.format.mimetypeapplication/pdf
dc.language.isoenen_NZ
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/*
dc.subjectHerfindahl-Hirschmanen_NZ
dc.subjectCompetitive balanceen_NZ
dc.subjectSimulationen_NZ
dc.titleSimulation Evidence on Herfindahl-Hirschman Indices as Measures of Competitive Balanceen_NZ
dc.typeDiscussion Paperen_NZ
dc.date.updated2017-12-20T21:15:59Z
otago.schoolOtago Business School / Department of Economicsen_NZ
otago.openaccessOpenen_NZ
otago.relation.number1715en_NZ
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Attribution-NonCommercial-ShareAlike 4.0 International
Except where otherwise noted, this item's licence is described as Attribution-NonCommercial-ShareAlike 4.0 International