A power-law distribution for tenure lengths of sports managers
Aidt, Toke, Leong, Bernard, Saslaw, William C. and Sgroi, Daniel. (2006) A power-law distribution for tenure lengths of sports managers. Physica A: Statistical Mechanics and its Applications, Vol.370 (No.2). pp. 697-703. ISSN 03784371
WRAP_Sgroi_Paper5.pdf - Accepted Version
Download (435Kb) | Preview
Official URL: http://dx.doi.org/10.1016/j.physa.2006.03.016
We show that the tenure lengths for managers of sport teams follow a power law distribution with an exponent between 2 and 3. We develop a simple theoretical model which replicates this result. The model demonstrates that the empirical phenomenon can be understood as the macroscopic outcome of pairwise interactions among managers in a league, threshold effects in managerial performance evaluation, competitive market forces, and luck at the microscopic level.
|Item Type:||Journal Article|
|Subjects:||G Geography. Anthropology. Recreation > GV Recreation Leisure|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Sports personnel -- Econometric models|
|Journal or Publication Title:||Physica A: Statistical Mechanics and its Applications|
|Page Range:||pp. 697-703|
|Access rights to Published version:||Restricted or Subscription Access|
|Funder:||University of Cambridge. Faculty of Economics, Singapore. Agency for Science, Technology and Research (ASTAR)|
1. P. Bak, C. Tang, and K. Wiessenfeld, Phys. Rev. A 38, 364-74 (1988).
Actions (login required)