Evaluating Rent Dissipation in the Spanish Football Industry
AbstractThis article proposes to evaluate empirically the consequences of the rent-seeking behavior of football clubs on their costs. The empirical work entails estimating a football wage, result, and demand system with data on clubs competing in the first and second Spanish leagues during the 1996-2003 seasons. The estimation sheds light on wage distortions that differ from 45% to 52% throughout the period considered. This provides an interesting illustration of the financial difficulties faced recently by many European football clubs.
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Bibliographic InfoPaper provided by HAL in its series Post-Print with number hal-00622841.
Date of creation: 2007
Date of revision:
Publication status: Published, Journal of Sports Economics, 2007, 8, 468-490
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