|
EconStor >
Westfälische Wilhelms-Universität Münster (WWU) >
Centrum für angewandte Wirtschaftsforschung Münster (CAWM), Universität Münster >
CAWM Discussion Papers, Universität Münster >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/51366
|
| | |
| Title: | | The election of a world champion  |
| Authors: | | Langen, Martin Krauskopf, Thomas |
| Issue Date: | | 2010 |
| Series/Report no.: | | CAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster 39 |
| Abstract: | | This paper examines the mechanisms by which a World Champion is chosen in the For-mula One Championship. Furthermore it is analysed whether there is a best method to do this. For this purpose we will discuss the methods used by the Fédération Internationale de l'Automobile (FIA) since the founding of the World Championship in 1950. We show how the election of a method affects the Formula One contest. We then give insight whether there is a best method to select a World Champion or not. We therefore discuss Arrow's Impossible Theorem with respect to this sports contest. Moreover we simulated several seasons and compared different scoring vectors with respect to indicators that might be important for viewer's demand. |
| Subjects: | | Social Choice Aggregation rules Ranking Sport Formula One |
| JEL: | | D71 L83 C63 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CAWM Discussion Papers, Universität Münster
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/51366
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|