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Building Blocks for a Disequilibrium Model of a European Team Sports League


  • Wladimir Andreff

    () (University Paris 1)


The paper presents two building blocks for elaborating on a disequilibrium economics model that fits with empirical evidence of a European team sport (soccer) league where teams are win-maximizing and operate under a soft budget constraint. Going beyond the standard equilibrium model justifies the introduction of price rigidity, heterogeneous talent units, and a differentiated economic behavior of clubs’ fans as compared to TV viewers. A European soccer league appears to be an economic regime with repressed inflation, characterized by a double excess demand on both labor and product markets. Step by step, the disequilibrium model is enriched with labor market segmentation between superstars and journeymen players, then a market for televised sport differentiating between free-to-air and pay-per-view TV channels.

Suggested Citation

  • Wladimir Andreff, 2014. "Building Blocks for a Disequilibrium Model of a European Team Sports League," International Journal of Sport Finance, Fitness Information Technology, vol. 9(1), pages 20-38, February.
  • Handle: RePEc:jsf:intjsf:v:9:y:2014:i:1:p:20-38

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    References listed on IDEAS

    1. Simon Rottenberg, 1956. "The Baseball Players' Labor Market," Journal of Political Economy, University of Chicago Press, vol. 64, pages 242-242.
    2. Zou, Ning Ning (Helen) & Hobbs, Jill E., 2006. "Modelling functional food choice and health care impacts: A literature review," Consumer and Market Demand Network Papers 91556, University of Alberta, Department of Resource Economics and Environmental Sociology.
    3. Tim Pawlowski, 2013. "Testing the Uncertainty of Outcome Hypothesis in European Professional Football," Journal of Sports Economics, , vol. 14(4), pages 341-367, August.
    4. Georg Stadtmann & Dirk Czarnitzki, 2002. "Uncertainty of outcome versus reputation: Empirical evidence for the First German Football Division," Empirical Economics, Springer, vol. 27(1), pages 101-112.
    5. Brad R. Humphreys, 2002. "Alternative Measures of Competitive Balance in Sports Leagues," Journal of Sports Economics, , vol. 3(2), pages 133-148, May.
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    Cited by:

    1. Nicolas SCELLES, 2016. "Wladimir Andreff (Ed.), Disequilibrium Sports Economics: Competitive Imbalance and Budget Constraints," Journal of Economics and Political Economy, KSP Journals, vol. 3(2), pages 393-410, June.
    2. R. Todd Jewell & Rob Simmons & Stefan Szymanski, 2014. "Bad for Business? The Effects of Hooliganism on English Professional Football Clubs," Journal of Sports Economics, , vol. 15(5), pages 429-450, October.
    3. Wladimir Andreff, 2014. "French professional football: how much different?," Chapters,in: Handbook on the Economics of Professional Football, chapter 18, pages 298-321 Edward Elgar Publishing.
    4. Wladimir Andreff, 2014. "The Winner's Curse in Sports Economics," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01243890, HAL.
    5. Scelles, Nicolas & Duran, Christophe & Bonnal, Liliane & Goyeau, Daniel & Andreff, Wladimir, 2016. "Do all sporting prizes have a significant positive impact on attendance in a European national football league? Competitive intensity in the French Ligue 1," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 82-107, June.
    6. repec:hal:journl:halshs-01243890 is not listed on IDEAS
    7. Andreef, Wladimir, 2016. "French professional football in European context: how much different?," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 108-137, June.
    8. Wladimir Andreff, 2014. "French professional football: how much different?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01244492, HAL.

    More about this item


    disequilibrium economics; sports economics; team sport league; win-maximizing; European soccer; price rigidity; soft budget constraint; excess demand;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism


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