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Goal! Profit maximization and win maximization in football leagues

  • Pedro Garcia-del-Barrio

    ()

    (Universidad Internacional de Cataluna
    Universidad Pompeu-Fabra)

  • Stefan Szymanski

    ()

    (Tanaka Business School, Imperial College)

In this paper we estimate the best responses of football clubs to the choices of other clubs in Spanish and English leagues over the period 1994-2004. We find that choices are more closely approximated by win maximization than by profit maximization in both the short term and the long term. We examine club characteristics that might explain variations in choices between Spanish clubs.

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File URL: http://college.holycross.edu/RePEc/spe/GarciaSzymanski_Goal.pdf
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Paper provided by International Association of Sports Economists & North American Association of Sports Economists in its series Working Papers with number 0621.

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Length: 29 pages
Date of creation: Oct 2006
Date of revision:
Handle: RePEc:spe:wpaper:0621
Contact details of provider: Web page: http://www.cdes.fr/index.php?id=fr69

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Web page: http://www.kennesaw.edu/naase

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  1. SZYMANSKI, Stefan & KÉSENNE, Stefan, 2003. "Competitive balance and gate revenue sharing in team sports," Working Papers 2003003, University of Antwerp, Faculty of Applied Economics.
  2. David Romer, 2006. "Do Firms Maximize? Evidence from Professional Football," Journal of Political Economy, University of Chicago Press, vol. 114(2), pages 340-365, April.
  3. Lawrence M. Kahn, 2000. "The Sports Business as a Labor Market Laboratory," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 75-94, Summer.
  4. Ariel Rubinstein, 2006. "A Sceptic's Comment on the Study of Economics," Economic Journal, Royal Economic Society, vol. 116(510), pages C1-C9, 03.
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