On the axiomatic approach to sharing the revenues from broadcasting sports leagues

Abstract

AbstractWe take the axiomatic approach to uncover the structure of the revenue-sharing problem from broadcasting sports leagues. We formalize two notions of impartiality, depending on the stance one takes with respect to the revenue generated in the games involving each pair of teams. We show that the resulting two axioms lead towards two broad categories of rules, when combined with additivity and some other basic axioms. We complement those results strengthening the impartiality notions to consider axioms of order preservation.