Abstract

http://ssrn.com/abstract=2297050
 


 



Catalyzing Fans


Dan Markel


Florida State University College of Law (deceased)

Michael McCann


University of New Hampshire School of Law; Sports Illustrated and SI.com

Howard M. Wasserman


Florida International University (FIU) - College of Law

February 18, 2014

Harvard Journal of Sports and Entertainment Law, Vol. 6, 2014, Forthcoming
Florida International University Legal Studies Research Paper No. 13-13
FSU College of Law, Public Law Research Paper No. 643

Abstract:     
For which team should basketball superstar LeBron James play? Where should celebrity statistician Nate Silver ply his craft of predictive wizardry? On which network should Jon Stewart flash his mordant wit?

For some reason, the answers to these disparate questions are only indirectly related to the desires of third-party fans. Indeed, it’s a puzzle that fans don’t already have more influence on the recruitment or retention of their sports or entertainment heroes (“talent”).

This paper proposes the development of Fan Action Committees (“FACs”), which, like their political counterpart (PACs), could mobilize and empower fans to play a larger role in the decision-making associated with which “production teams” the talent will work. We outline two institutional options: FACs could directly compensate talent by crowdfunding, or they could make donations to charities favored by talent. We then discuss both obstacles and objections from a variety of policy and legal perspectives ranging from competitive balance to distributive justice. Finally, we consider possible extensions of the FAC model as well as offer some ruminations on why FACs haven’t already developed.

Importantly, FACs create the potential for more efficient valuations of talent by registering not only the number of fans but also the intensity of their preferences. This insight, which stresses the upside of price discrimination, has relevance for a wide range of human endeavor where bilateral contracts have third party externalities that are not currently calibrated or adequately valued.

Number of Pages in PDF File: 44

Keywords: contracts, public policy, externalities

working papers series


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Date posted: July 23, 2013 ; Last revised: July 8, 2014

Suggested Citation

Markel, Dan and McCann, Michael and Wasserman, Howard M., Catalyzing Fans (February 18, 2014). FSU College of Law, Public Law Research Paper No. 643; Harvard Journal of Sports and Entertainment Law, Vol. 6, 2014, Forthcoming; Florida International University Legal Studies Research Paper No. 13-13; FSU College of Law, Public Law Research Paper No. 643. Available at SSRN: http://ssrn.com/abstract=2297050 or http://dx.doi.org/10.2139/ssrn.2297050

Contact Information

Dan Markel (Contact Author)
Florida State University College of Law (deceased)
Michael A. McCann
University of New Hampshire School of Law ( email )
Franklin Pierce Center for Intellectual Property
2 White Street
Concord, NH 03301
617.875.6132 (Phone)
HOME PAGE: http://law.unh.edu/about/personnel/faculty/michael-mccann
Sports Illustrated and SI.com
1271 Avenue of the Americas
New York, NY 10020
United States
HOME PAGE: http://sportsillustrated.cnn.com/writers/michael_mccann/archive/index.html
Howard M. Wasserman
Florida International University (FIU) - College of Law ( email )
University Park, DB 2065
Miami, FL 33199
United States
305-348-7482 (Phone)
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