| Summary: | Worldwide more and more money is being invested in sports teams and professional sports leagues. There are numerous sports that are popular in different parts of the world. In the United States, its American Football, in Europe and UK it is Football (soccer); in the Indian sub-continent and Australia it is Cricket that attracts the largest crowds.
If we study the professional sporting leagues around the world usually there is only one major/premier league in every sport. Smaller leagues exist but they are inferior to the major or premier league. In the USA, American Football has one major league called the National Football League (NFL); while in the UK, soccer has one major league called the English Premier League (EPL). The situation with single major leagues existing for every sport is similar across the world, except in India where cricket has two leagues, the Indian Premier League and the Indian Cricket League. Both these leagues compete against each other.
This dissertation tries to find out if it is efficient, from an economic perspective, to have two leagues in the Indian Cricket Market?
The dissertation begins by providing the reader with an introduction and a brief history on cricket in Chapter I. Chapter II covers the literature review on the economics of sports which would be structured around the Structure-Conduct-Performance (S-C-P) paradigm. The author will specifically focus on the literature written around the economics of professional sports leagues. The Third Chapter outlines the research methodology used for the dissertation. In Chapter IV, the case study on the IPL and ICL will be presented in its current scenario. In Chapter V the author will deal with the analysis and discussion of the case study, where various different scenarios in the Indian Cricket Market will be explored. The last Chapter will include the conclusions and recommendations generated from the analysis and discussion.
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