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Cost performance of Brazilian soccer clubs: A Bayesian varying efficiency distribution model

  • Barros, Carlos Pestana
  • Assaf, A.George
  • de Araujo, Ari Francisco
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    This paper analyzes the cost efficiency of Brazilian first league soccer clubs using a Bayesian Varying Efficiency Distribution (VED) model. We confirm that the model fits the data well with all coefficients correctly signed and in line with the theoretical requirements. From the efficiency results, it was clear that the Brazilian soccer league operates at a lower performance in comparison to other international soccer leagues. Factors which contributed to this finding as well as other policy implications are provided.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0264999311001945
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    Article provided by Elsevier in its journal Economic Modelling.

    Volume (Year): 28 (2011)
    Issue (Month): 6 ()
    Pages: 2730-2735

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    Handle: RePEc:eee:ecmode:v:28:y:2011:i:6:p:2730-2735
    DOI: 10.1016/j.econmod.2011.08.002
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/30411

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    8. Steel, M.F.J., 1995. "Posterior analysis of stochastic volatility models with flexible tails," Discussion Paper 1995-68, Tilburg University, Center for Economic Research.
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    11. Carlos Pestana Barros & Julio del Corral & Pedro Garcia-del-Barrio, 2008. "Identification of Segments of Soccer Clubs in the Spanish League First Division With a Latent Class Model," Journal of Sports Economics, The North American Association of Sports Economists, vol. 9(5), pages 451-469, October.
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    15. Carlos Pestana Barros & Stephanie Leach, 2006. "Analyzing the Performance of the English F.A. Premier League With an Econometric Frontier Model," Journal of Sports Economics, The North American Association of Sports Economists, vol. 7(4), pages 391-407, November.
    16. Hofler, Richard A. & Payne, James E., 1997. "Measuring efficiency in the National Basketball Association1," Economics Letters, Elsevier, vol. 55(2), pages 293-299, August.
    17. John L. Fizel & Michael P. D'Itri, 1997. "Managerial Efficiency, Managerial Succession and Organizational Performance," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 18(4), pages 295-308.
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