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Competitive Balance:Time Series Lessons from the English Premier League

Author

Listed:
  • Young Hoon Lee

    () (Department of Economics, Sogang University, Seoul)

  • Rodney Fort

    (Sport Management, University of Michigan)

Abstract

Structural break points in the First Division/English Premier League time series of competitive balance identify an Early Period, a Pre-World War II Period, a Post-War Period, and a Modern Period. The Early Period corresponds to technology diffusion (defense and tactics) along with important economic structural imposition by leagues. The war periods are common to many time series. The Modern Period¡¯s sharp decline in balance corresponds to the newest version of the Champions League in 1994/1995, increased revenue inequality, and the Bosman Ruling of 1995. Suggestions for future research are many.

Suggested Citation

  • Young Hoon Lee & Rodney Fort, 2011. "Competitive Balance:Time Series Lessons from the English Premier League," Working Papers 1102, Research Institute for Market Economy, Sogang University, revised Jun 2011.
  • Handle: RePEc:sgo:wpaper:1102
    as

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    File URL: ftp://163.239.156.99/wpaper/LYH_RIME_2011-02.pdf
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    References listed on IDEAS

    as
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    7. Young Hoon Lee, 2009. "The Impact of Postseason Restructuring on the Competitive Balance and Fan Demand in Major League Baseball," Working Papers 0901, Research Institute for Market Economy, Sogang University, revised 2009.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    competitive balance; break point analysis; the invariance principle;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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