Who Made Who – An Empirical Analysis of Competitive Balance in European Soccer Leagues
AbstractThere is an on-going debate about the optimal degree of team solidarity in professional European soccer leagues. Support for a high degree of team solidarity has been coming from the theory of competitive balance, which states that diminished uncertainty of outcome will result in reduced attendance demand. Based on seasonal average match attendance and different measures of competitive balance for several soccer leagues in Europe, this paper presents empirical evidence from vector autoregressive models and Granger causality tests. The results clearly show the existence of heterogeneity across different leagues and for tiers within a league.
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Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 33 (2007)
Issue (Month): 3 (Summer)
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Other versions of this item:
- Leif Brandes & Egon Franck, 2005. "Who made Who? An Empirical Analysis of Competitive Balance in European Soccer Leagues," Working Papers 0004, University of Zurich, Center for Research in Sports Administration (CRSA), revised 2006.
- Leif Brandes & Egon Franck, 2005. "Who made Who? An Empirical Analysis of Competitive Balance in European Soccer Leagues," Working Papers 0041, University of Zurich, Institute for Strategy and Business Economics (ISU), revised 2006.
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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