Do We Need a New Point System in Professional Football Leagues?
AbstractThis paper analyses the impact of point systems on the degree of competition in professional football leagues via the annual coefficient of variation (CV) of end-of-season points. The past, existing and some alternative point systems were applied to a hypothetical football league consisting of eighteen teams to find out changes in the CV value, which is assumed to measure the degree of football competition statistically. On the basis of the computed CV values, it appears that the most competitive football league takes place statistically in which winner gets three, loser one and draws two points.
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Bibliographic InfoPaper provided by EconWPA in its series Others with number 0503004.
Date of creation: 11 Mar 2005
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economics of professional team sports; outcome of uncertainty; professional football leagues; degree of competition; coefficient of variation;
Find related papers by JEL classification:
- C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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