Evaluating Rent Dissipation in the Spanish Football Industry
This article proposes to evaluate empirically the consequences of the rent-seeking behavior of football clubs on their costs. The empirical work entails estimating a football wage, result, and demand system with data on clubs competing in the first and second Spanish leagues during the 1996-2003 seasons. The estimation sheds light on wage distortions that differ from 45% to 52% throughout the period considered. This provides an interesting illustration of the financial difficulties faced recently by many European football clubs.
|Date of creation:||2007|
|Date of revision:|
|Publication status:||Published, Journal of Sports Economics, 2007, 8, 468-490|
|Note:||View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00622841/en/|
|Contact details of provider:|| Web page: http://hal.archives-ouvertes.fr/|
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