Building Blocks for a Disequilibrium Model of a European Team Sports League
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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 9 (2014)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://www.fitinfotech.com/|
|Order Information:||Web: http://www.fitinfotech.com/IJSF/IJSFbackissueWVU.tpl|
When requesting a correction, please mention this item's handle: RePEc:jsf:intjsf:v:9:y:2014:i:1:p:20-38. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson)
If references are entirely missing, you can add them using this form.