Measuring competitive balance in Formula One Racing

Arbeitspapier

The Formula One Championship (F1) is one of the biggest sports businesses in the world. But, however, it seems to astonish that only very few scholarly articles analyze the F1 business. The aim of this study is to contribute to closing two gaps in the existing literature: it contributes (1) to the (sports) economic analysis of the F1 business and (2) to the literature on competitive balance in non-team sports. Like competitive balance in team sport leagues, also for F1 racing three dimensions can be distinguished: (a) race-specific competitive balance, (b) within-season competitive balance, and (c) between-season competitive balance. In addition to classical tools and data, some new and F1 specific indicators, like average lead changes or leading distance, are employed. Also, pitfalls induced especially by the used data source or calculation method are highlighted.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Ilmenau Economics Discussion Papers ; No. 121

Classification and Topics

• Classification: Wirtschaft ; Sports Economics: General ; Sports Economics: Industry Studies ; Sports; Gambling; Restaurants; Recreation; Tourism ; Econometrics ; Oligopoly and Other Imperfect Markets ; Business Economics
• Subject: Formula One Motor Racing ; competitive balance ; empirical industry study ; sports economics

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Budzinski, Oliver ; Feddersen, Arne
• Event: Veröffentlichung
• (who): Technische Universität Ilmenau, Institut für Volkswirtschaftslehre
• (where): Ilmenau
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/195190
• Last update: 10.03.2025, 11:41 AM CET