期刊名称：Discussion Paper Series / Department of Economics, New York University
出版年度：2006
卷号：1
出版社：New York University
摘要：In an National Football League overtime, a coin is tossed to determine
which team will receive the kick off. In the sudden death format starting on offense
has a significantly higher chance of winning. This makes coin tossing one of the most
climatic moments and immediately confers an advantage to one team. Proposals to
improve the ex post fairness by guaranteeing each team one possession reduce the
efficiency and excitement of the sudden-death format. We propose a simple approach
motivated by economics: the coaches of opposing teams bid on the yardage from its end
zone at which his team would begin offense, with the low bidder winning the offense
right. For instance, if coaches of teams A and B bid 18 and 21 yards, respectively,
team A would win and begin its offense at 18 from its end zone. This note analyzes
the equilibrium outcome of such an auction and discusses its properties.
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