News Details

How does F1 approach the cost cap era?

Marginal costs versus marginal benefits. That is the most basic principle of economics. Any business or economy must weigh these two variables in order to make sound economic decisions. Formula One is a business. Fans (the consumers) spend their hard-earned money on a service that is provided by the teams and organizers (the producers). On the face of it, a very simple relationship. Conversely, fans are producers in the sense that they work for teams to help them function, work at tracks as marshals to keep the races safe and journalists as the mediators for the sport. While not paid directly by the sport, they are paid to make the sport work. The sport is the consumer in that sense. Add...
Full Story »
2y ago from RichlandF1.com 0
Share

You May Also Be Interested In...

Caterham claims MIA 'Business of the Year' Award

Caterham has been recognised as the 'Business of the Year' by the...
2y ago from Crash.net

Jan Magnussen: Kevin is going to make it because his...

Jan Magnussen: Kevin is going to make it because his focus is on the...
2y ago from GrandPrix247.com

FIA calls for team summit

While you may be happy to know that there is a F1 team summit called by...
2y ago from Formula1Blog.com

Rules Summit Called for F1 Teams

Formula One teams have been called to a summit set to take place on the...
2y ago from RichlandF1.com

Elsewhere On The Network

Popular On MGPToday.com

Michelin need ‘more resistant solutions’ for...

Michelin have some work to do after some MotoGP riders at the Red Bull...
5h ago from BikeSportNews.com

Lorenzo hails “impressive” and “unbelievable”...

Yamaha MotoGP star Jorge Lorenzo has paid tribute to the skills of retired...
2d ago from Motorsport.com

Moto2: Technical report confirms rider error as cause...

A technical report compiled by independent experts and released today by...

MotoGP: Rossi ‘Red Bull Ring is very particular’

Valentino Rossi has described MotoGP’s latest circuit in Austria as...

Popular On IndyCarToday.com

Video of the Day: Newgarden quizzed

No description available...
10h ago from GPUpdate.net

INDYCAR: Aeroscreens likely for 2018

The Verizon IndyCar Series isn’t ready to confirm its solution or...
1d ago from Racer.com

INDYCAR: Dixon tops meaningful Mid-Ohio test

Target Chip Ganassi Racing's Scott Dixon topped an important test at...
19h ago from Racer.com

Harvey test crash puts SPM race deal in jeopardy

A heavy shunt for young gun Jack Harvey in IndyCar’s Mid-Ohio test today...
1d ago from Motorsport.com

Popular On TotalWRC.com

2017 World Rally Cars uncovered: Part 1

Advertising Next year’s regulations have been designed to deliver more...
1d ago from WRC.com

Rally Australia adds seaside Super Special Stage

The 2016-running of Rally Australia will include an ocean-side Super...
1d ago from Motorsport.com

Armstrong chases Trophy double

Armstrong chasesTrophy double Jon Armstrong has vowed not to become...
23h ago from WRC.com

Loeb's Silk Way Rally hopes dashed by four-hour penalty

Sebastien Loeb's victory bid in the 2016 Silk Way Rally took a massive hit...
1d ago from Motorsport.com

Popular On GunnersToday.com

Instagram: Arsenal set to be left disappointed as...

Speculation this month has suggested that Carlos Bacca could quit AC...
3h ago from CaughtOffside.com

Arsenal announce preliminary squad for US games

Arsenal have announced their preliminary squad for the upcoming games in...
7h ago from News.ArseBlog.com

Arsene Wenger talks Turan, Lacazette and Icardi as he...

Morning all. There's little point in going into great detail about last...

Dreams come true! Fans react on Twitter as winger...

EXPRESS SPORT brings you all the best tweets as Leicester City ace Riyad...
3h ago from Express.co.uk

Comments

Hottest News

Hungarian GP qualifying Results

The full Hungarian Grand Prix qualifying results,... Read More »
1h ago from ThisIsF1.com

Qualifying Results – Hungarian GP

Hungarian Grand Prix – Here are the full... Read More »
1h ago from FormulaSpy.com

Horner wants stewards to check that Rosberg lifted

Both Rosberg and Mercedes claimed he took a... Read More »
32m ago from Motorsport.com

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.