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

  • Wladimir Andreff


    (University Paris 1)

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    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.

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    Article provided by Fitness Information Technology in its journal International Journal of Sport Finance.

    Volume (Year): 9 (2014)
    Issue (Month): 1 (February)
    Pages: 20-38

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    Handle: RePEc:jsf:intjsf:v:9:y:2014:i:1:p:20-38
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