The Economics of Competitive Sports

The Economics of Competitive Sports

New Horizons in the Economics of Sport series

Edited by Plácido Rodríguez, Stefan Késenne and Ruud Koning

The essence of any sports contest is competition. The very unpredictability of a sporting outcome distinguishes it from, say, an opera performance. This volume presents a state of the art overview of the economics of competitive sport along two main themes. In the first part, the discussion centers on the organization of sports and competition. The second part deals with the competitive balance, rewards and outcomes of the actual contests.

Chapter 8: Sport talent, media value and equal prize policies in tennis

Pedro Garcia-del-Barrio and Francesc Pujol

Subjects: economics and finance, sports


Given the economic and commercial implications of sports, the media value of players is considered a major asset in the area of professional sports businesses. This chapter establishes procedures to measure the intangible talent of players within the tennis industry. It also examines the extent to which policies on prize money could be more efficiently designed to account for the economic contribution of the different agents involved in the provision of entertainment. To evaluate the media value of professional tennis players, we follow the ESI methodology, whose basic guidelines combine information on media value and popularity. The chapter has been carried out using weekly data on news and media presence of the top 1400 professional tennis players (700 women of the WTA and 700 men of the ATP), in the years 2007 and 2008.

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