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

Lowes to stand in for Smith at Silverstone and Misano...

Lowes could race in the next two MotoGP races as he stands in for the...
3h ago from BikeSportNews.com

MotoGP: Smith happy with KTM testing pace

KTM’s 2017 rider Bradley Smith says that he’s delighted with the...

Smith undergoes surgery after Oschersleben Endurance...

MotoGP star Bradley Smith looks likely to miss next weekend’s...
2d ago from BikeSportNews.com

MotoGP: Smith awaiting scan results on knee injury

Monster Yamaha Tech 3 rider Bradley Smith is awaiting the results of an...

Popular On IndyCarToday.com

Texas 600: Top 10 quotes after race

Graham Rahal edges Hinchcliffe in 1-2 finish for Honda in Texas P. N°...
4h ago from Motorsport.com

INDYCAR: Pagenaud kept cool - and points lead

It might have been the decision that ends up helping Simon Pagenaud earn...
4h ago from Racer.com

Rahal denies Hinchcliffe in thrilling Texas finish

Graham Rahal secured his first victory of the season in a thrilling race...

Rahal beats Hinchcliffe by 0.008 seconds to take Texas...

Graham Rahal crossed the line just 0.008 seconds ahead of James...
12h ago from GrandPrixTimes.c...

Popular On TotalWRC.com

Wrc.com video playlist: Germany

Our selection of must-see clips from round nine
4h ago from WRC.com

Red Bull Global Rallycross season resumes in Atlantic...

Two new entries join the Supercar grid to produce a season-high of 13...
1d ago from Motorsport.com

Lappi breaks silence over Toyota rumours

Talks have taken place at Toyota's rally base
4d ago from WRC.com

Mikkelsen: It still felt like a victory

Fourth in Germany but Mikkelsen remains positive
2d ago from WRC.com

Popular On GunnersToday.com

Koscielny: New faces will help with fixture pile-up

Laurent Koscielny says the arrival of Shkodran Mustafi and Lucas Perez...
12h ago from News.ArseBlog.com

REVEALED : Arsenal Boss Wenger Made Attempts For...

Reports have emerged claiming that Arsenal boss Arsene Wenger made an...
3h ago from Nastytackle.com

Wenger hoping for a different Walcott this season

Arsene Wenger says that as long as Theo Walcott can stay injury free, he...
7h ago from News.ArseBlog.com

Manchester United enter race for star Arsenal want

Manchester United are interested in signing Nottingham Forest prodigy...

Comments

Hottest News

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.