Evaluation of policies to auction, retain, and value players’ services in IPL and other sports tournaments.
Guide(s)
Das, Shubhabrata
Department
Decision Sciences
Area
Decision Sciences
University
Indian Institute of Management Bangalore
Place
Bangalore
Publication Date
3-31-2021
Year Awarded
March 2021
Year Completed
March 2021
Year Registered
June 2016
Abstract
In this dissertation, we present our research on policies that are used to allocate players’ services, for example, auctions, retention-options, etc. in sports tournaments. We also present a method or technique that can be used to value players’ services in these tournaments. We focus on the Indian Premier League (IPL) as it is the most popular sports tournament in India. However, our work is relevant to other sports tournaments as well because they also follow similar arrangements. We present three essays in this dissertation which originate in the context of sports tournaments but are relevant to other areas of management research as well. Broadly, we contribute to the literature of competitive and cooperative game theory, auction theory, and statistics. In Chapter 2, we examine the auction mechanism that is used to allocate players’ services in the Indian Premier League or other sports tournaments of Indian origin. The auction format, which is used to allocate players’ services in these tournaments, is sequential English. Although the auctions conducted through this format are administratively easy to manage, they can be quite complicated to study from an academic perspective. This problem emerges more prominently when such an auction format is used to allocate players’ services in sports tournaments like IPL. This is because of the presence of the synergistic relationships (complementarity and substitutability) between players whose services are being auctioned. IPL is a cricket tournament, which is a team sport. Team sports like cricket are multi-dimensional, i.e., a team needs to be proficient in multiple skills to be successful in the tournament. In the context of cricket, the required skills can be batting, bowling, fielding, etc. Since a single player cannot become an expert in every skill, various cricket players specialize in different skills. Subsequently, players with different specialties are treated as complementary, and those who specialize in the same skill are treated as substitutes.
Pagination
124p.
Copyright
Indian Institute of Management Bangalore
Document Type
Dissertation
DAC Chairperson
Das, Shubhabrata
DAC Members
Bhalla, Manaswini; Roy, Rishideep
Type of Degree
Ph.D.
Recommended Citation
Chandrakar, Pranjal, "Evaluation of policies to auction, retain, and value players’ services in IPL and other sports tournaments." (2021). Doctoral Dissertations. 53.
https://research.iimb.ac.in/doc_dissertations/53
Relation
DIS-IIMB-FPM-P21-04
