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The competition economics of financial fair play

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Author Info

  • Budzinski, Oliver

Abstract

This paper provides an economic analysis of the competition effects of UEFA's financial fair play regulations. It concludes that the restrictive effects of the break-even rule cannot be justified by a legitimate objective defense (according to European competition policy) because significant financial problems due to overinvestment are not inherent to European football. --

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Bibliographic Info

Paper provided by Ilmenau University of Technology, Institute of Economics in its series Ilmenau Economics Discussion Papers with number 85.

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Length:
Date of creation: 2014
Date of revision:
Handle: RePEc:zbw:tuiedp:85

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Web page: http://www.tu-ilmenau.de/vw/
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Related research

Keywords: financial fair play; sports economics; competition economics; European competition policy; football; soccer; overinvestment; rat race;

This paper has been announced in the following NEP Reports:

References

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  1. Akerlof, George A, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, MIT Press, vol. 90(4), pages 599-617, November.
  2. Oliver Budzinski & Björn A. Kuchinke, 2012. "Deal or No Deal? Consensual Arrangements as an Instrument of European Competition Policy," Review of Economics, Lucius & Lucius, vol. 63(3), pages 265-292.
  3. PEETERS, Thomas & SZYMANSKI, Stefan, 2013. "Financial fair play in European football," Working Papers 2013021, University of Antwerp, Faculty of Applied Economics.
  4. Budzinski, Oliver & Müller, Anika, 2013. "Finanzregulierung und internationale Wettbewerbsfähigkeit: Der Fall Deutsche Bundesliga," Ilmenau Economics Discussion Papers 82, Ilmenau University of Technology, Institute of Economics.
  5. Helmut Dietl & Egon Franck & Markus Lang, 2005. "Overinvestment in Team Sports Leagues: A Contest Theory Model," Working Papers 0038, University of Zurich, Institute for Strategy and Business Economics (ISU), revised 2007.
  6. Oliver Budzinski, 2011. "The Institutional Framework for Doing Sports Business: Principles of EU Competition Policy in Sports Markets," Working Papers 1103, International Association of Sports Economists & North American Association of Sports Economists.
  7. Budzinski, Oliver & Szymanski, Stefan, 2014. "Are restrictions of competition by sports associations horizontal or vertical in nature?," Ilmenau Economics Discussion Papers 86, Ilmenau University of Technology, Institute of Economics.
  8. Ángel Barajas & Plácido Rodríguez, 2014. "Spanish Football in Need of Financial Therapy: Cut Expenses and Inject Capital," International Journal of Sport Finance, Fitness Information Technology, vol. 9(1), pages 73-90, February.
  9. repec:jsf:intjsf:v:7:y:2012:i:2:p:117-140 is not listed on IDEAS
  10. Coates, Dennis & Humphreys, Brad & Zhou, Li, 2012. "Outcome Uncertainty, Reference-Dependent Preferences and Live Game Attendance," Working Papers 2012-7, University of Alberta, Department of Economics.
  11. PEETERS, Thomas & SZYMANSKI, Stefan, 2012. "Vertical restraints in soccer: Financial fair play and the English Premier League," Working Papers 2012028, University of Antwerp, Faculty of Applied Economics.
  12. Markus Sass, 2012. "Long-term Competitive Balance under UEFA Financial Fair Play Regulations," FEMM Working Papers 120005, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
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Citations

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Cited by:
  1. Budzinski, Oliver & Szymanski, Stefan, 2014. "Are restrictions of competition by sports associations horizontal or vertical in nature?," Ilmenau Economics Discussion Papers 86, Ilmenau University of Technology, Institute of Economics.

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