Cost performance of Brazilian soccer clubs: A Bayesian varying efficiency distribution model
AbstractThis paper analyzes the cost efficiency of Brazilian first league soccer clubs using a Bayesian Varying Efficiency Distribution (VED) model. We confirm that the model fits the data well with all coefficients correctly signed and in line with the theoretical requirements. From the efficiency results, it was clear that the Brazilian soccer league operates at a lower performance in comparison to other international soccer leagues. Factors which contributed to this finding as well as other policy implications are provided.
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Bibliographic InfoArticle provided by Elsevier in its journal Economic Modelling.
Volume (Year): 28 (2011)
Issue (Month): 6 ()
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Web page: http://www.elsevier.com/locate/inca/30411
Soccer; Brazil; Cost efficiency; Bayesian VED model;
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- C69 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Other
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