http://www.tu-ilmenau.de

Logo TU Ilmenau


Fakultät für Wirtschaftswissenschaften und Medien


headerphoto Fakultät für Wirtschaftswissenschaften und Medien
Ansprechpartner

Prof. Dr. Jens Wolling

Dekan

Telefon +49 3677 69 - 4654

E-Mail senden

Ihre Position

INHALTE

Media Revenues, Formula One, and Competition Policy

Nachrichtenansicht

< Rattenrennen im Profisport?

07.08.2017

Media Revenues, Formula One, and Competition Policy

FG Wirtschaftstheorie

Media Revenues, Formula One, and Competition Policy 

Oliver Budzinski and Anika Müller-Kock from Ilmenau's Chair for Economic Theory have published their paper "Is the Revenue Allocation Scheme of Formula One Motor Racing a Case for European Competition Policy?" in the high-ranked and peer-reviewed journal Contemporary Economic Policy (doi 10.1111/coep.12247). The authors analyze how the revenues from selling media rights are allocated among the participants of the FIA Formula One World Championship, also in comparison to other major professional sports championships. The results of their empirical analysis stand in line with allegations that the promoter abuses market power and forms a cartel-like arrangement with the leading teams at the expense of smaller teams and at the detriment of fans. Thus, the authors conclude that an investigation into F1's business practices would be warranted.