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Uncertainty of outcome versus reputation: Empirical evidence for the First German Football Division

Author

Listed:
  • Georg Stadtmann

    (Wissenschaftliche Hochschule für Unternehmensführung - Otto Beisheim Graduate School of Management, Burgplatz 2, D-56179 Vallendar)

  • Dirk Czarnitzki

    (Centre for European Economic Research , P.O. Box 10 34 43, D-68304 Mannheim)

Abstract

This paper deals with the determinants of match attendance in the German premier football league. We analyse uncertainty measures of match outcome as well as uncertainty of championship outcome. Furthermore, we incorporate supporter clubs, reputation, performance measures and weather effects as explanatory variables. Due to the limited capacity of the stadiums, observations on attendance are right censored in our sample. While other authors use the ordinary least squares estimator, which is inconsistent in this framework, we take this restriction implicitly in consideration by using a Tobit model. In conclusion, we show that reputation and goodwill are more important for attendance levels than the thrill of outcome uncertainty.1

Suggested Citation

  • 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.
    • Handle: RePEc:spr:empeco:v:27:y:2002:i:1:p:101-112
    Note: received: September 1999/Final version received: January 2001
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    Keywords

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    JEL classification:

    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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