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Goal! Profit maximization and win maximization in football leagues

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Author Info
Pedro Garcia-del-Barrio () (Universidad Internacional de Cataluna, Universidad Pompeu-Fabra)
Stefan Szymanski () (Tanaka Business School, Imperial College)

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Abstract

In this paper we estimate the best responses of football clubs to the choices of other clubs in Spanish and English leagues over the period 1994-2004. We find that choices are more closely approximated by win maximization than by profit maximization in both the short term and the long term. We examine club characteristics that might explain variations in choices between Spanish clubs.

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File URL: http://www.holycross.edu/departments/economics/RePEc/spe/GarciaSzymanski_Goal.pdf
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Publisher Info
Paper provided by International Association of Sports Economists in its series Working Papers with number 0621.

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Length: 29 pages
Date of creation: Oct 2006
Date of revision:
Handle: RePEc:spe:wpaper:0621

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Related research
Keywords: soccer; football;

Find related papers by JEL classification:
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lawrence M. Kahn, 2000. "The Sports Business as a Labor Market Laboratory," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 75-94, Summer. [Downloadable!] (restricted)
  2. Stefan Szymanski & Stefan KÈsenne, 2004. "Competitive balance and gate revenue sharing in team sports," Journal of Industrial Economics, Blackwell Publishing, vol. 52(1), pages 165-177, 03. [Downloadable!] (restricted)
    Other versions:
  3. Ariel Rubinstein, 2006. "A Sceptic's Comment on the Study of Economics," Economic Journal, Royal Economic Society, vol. 116(510), pages C1-C9, 03. [Downloadable!] (restricted)
  4. David Romer, 2006. "Do Firms Maximize? Evidence from Professional Football," Journal of Political Economy, University of Chicago Press, vol. 114(2), pages 340-365, April. [Downloadable!] (restricted)
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This page was last updated on 2009-11-7.

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