Competitive Balance:Time Series Lessons from the English Premier League
AbstractStructural break points in the First Division/English Premier League time series of competitive balance identify an Early Period, a Pre-World War II Period, a Post-War Period, and a Modern Period. The Early Period corresponds to technology diffusion (defense and tactics) along with important economic structural imposition by leagues. The war periods are common to many time series. The Modern Period¡¯s sharp decline in balance corresponds to the newest version of the Champions League in 1994/1995, increased revenue inequality, and the Bosman Ruling of 1995. Suggestions for future research are many.
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Bibliographic InfoPaper provided by Research Institute for Market Economy, Sogang University in its series Working Papers with number 1102.
Length: 32 pages
Date of creation: Jun 2011
Date of revision: Jun 2011
competitive balance; break point analysis; the invariance principle;
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
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