Greetings from London, Ontario in Canada. I am attending the North American Society for Sport Management (NASSM) conference along with co-blogger Brian Soebbing of the University of Alberta. There has been a lot of talk of competitive balance and uncertainty of outcome in many of the talks, including one given by Brian, myself, and Dr. Humphreys (another one of the IJSF bloggers) about the effects of competitive balance on MLB attendance. It was good to see a wide focus of sport management talks, and how well sport finance and sports economics were represented. In the final talk given during the Earle Ziegler award ceremony, there was mention of the seminal work of Simon Rottenberg (1956), as well citation of Humphreys’ (2002) work on competitive balance.
In fact, there were so many talks that directly related back to Rottenberg’s 1956 piece, that some of us noted that they could have formed one or two symposiums focused just on the work of Rottenberg. I think this is telling of the power of the Uncertainty of Outcome Hypothesis (UOH) which was first noted by Rottenberg (1956) and was also discussed by Neale (1964), as well as the Invariance Principle which can also be found in Rottenberg’s seminal work.
Next up will be the Western Economic Association International conference at the end of June 2011, where there will be many sessions focused on sports economics.
On a side note, I’ll be traveling to China, and will try to blog while I am there visiting various sport sites and organizations in Beijing. I’m hoping to take some nice pictures and give an interesting perspective of sport finance as it relates to China.