It is Harder, not Easier, to Predict the Winner of the Champions League
European Cup football has experienced a major change in format with the introduction of the Champions League in 1992 and a major change in admission rules with direct qualification for multiple teams from the highest ranked leagues in 1999. We show that, in line with popular press reports and other studies, qualification in lower rounds has become more predictable in the Champions League. At the same time, however, outcomes at later stages have become less predictable. We provide evidence and an explanation.
|Date of creation:||2013|
|Date of revision:|
|Contact details of provider:|| Postal: De Bériotstraat 34, B-3000 Leuven|
Phone: +32 (0) 16 / 32 6598
Fax: +32 (0) 16 / 32 6599
Web page: http://www.econ.kuleuven.be/licos
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stefan Szymanski, 2003. "The Economic Design of Sporting Contests," Journal of Economic Literature, American Economic Association, vol. 41(4), pages 1137-1187, December.
- Lawrence Hadley & James Ciecka & Anthony C. Krautmann, 2005. "Competitive Balance in the Aftermath of the 1994 Playersâ€™ Strike," Journal of Sports Economics, The North American Association of Sports Economists, vol. 6(4), pages 379-389, November.
- Roger G. Noll, 2003. "The Organization of Sports Leagues," Oxford Review of Economic Policy, Oxford University Press, vol. 19(4), pages 530-551, Winter.
- E. Eckard, 1998. "The NCAA Cartel and Competitive Balance in College Football," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 13(3), pages 347-369, June.
- Haan, Marco & Koning, Ruud H. & Witteloostuijn, Arjen van, 2002.
"Market forces in European soccer,"
CCSO Working Papers
200211, University of Groningen, CCSO Centre for Economic Research.
- Anthony C. Krautmann & Lawrence Hadley, 2006. "Dynasties versus pennant races: competitive balance in major league baseball," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 287-292.
- Haan Marco & Koning Ruud & Witteloostuijn Arjen van, 2012. "The Effects of Institutional Change in European Soccer," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 232(3), pages 318-335, June.
- Eckard, E Woodrow, 2001. "Free Agency, Competitive Balance, and Diminishing Returns to Pennant Contention," Economic Inquiry, Western Economic Association International, vol. 39(3), pages 430-43, July.
- Tim Pawlowski & Christoph Breuer & Arnd Hovemann, 2010. "Top Clubs' Performance and the Competitive Situation in European Domestic Football Competitions," Journal of Sports Economics, The North American Association of Sports Economists, vol. 11(2), pages 186-202, April.
When requesting a correction, please mention this item's handle: RePEc:lic:licosd:32913. 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: ()
If references are entirely missing, you can add them using this form.