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

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  • Wladimir Andreff

    () (University Paris 1)

Abstract

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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    Citations

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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

    Keywords

    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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