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A power-law distribution for tenure lengths of sports managers
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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. doi:10.1016/j.physa.2006.03.016
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Official URL: http://dx.doi.org/10.1016/j.physa.2006.03.016
Abstract
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 | ||||
| Publisher: | Elsevier BV | ||||
| ISSN: | 03784371 | ||||
| Official Date: | 2006 | ||||
| Dates: |
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| Volume: | Vol.370 | ||||
| Number: | No.2 | ||||
| Page Range: | pp. 697-703 | ||||
| DOI: | 10.1016/j.physa.2006.03.016 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access | ||||
| Funder: | University of Cambridge. Faculty of Economics, Singapore. Agency for Science, Technology and Research (ASTAR) |
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