Win the best, win the largest or win the richest. Some empirical evidence from Italian championships
This paper uses an econometric model to evaluate the impact of variables influencing the long period competitive balance in Italian football league. Using records of the last 75 tournaments and adopting as a measure of market size both a demand and a supply side perspective, the paper aims at establishing if the theoretical prescriptions on the long run competitive balance holds for the Italian championships. This approach allows us to evaluate if teams outperform their market size and to extract a ranking of the best and worst teams in the last 75 years.
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- KÉSENNE, Stefan, 2005.
"The organization of European football and the competitive balance within and between nations,"
2005001, University of Antwerp, Faculty of Applied Economics.
- Stefan Kesenne, 2005. "The organization of European football and the competitive balance within and between nations," IASE Conference Papers 0518, International Association of Sports Economists.
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- 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.
- Sloane, Peter J, 1971. "The Economics of Professional Football: The Football Club as a Utility Maximiser," Scottish Journal of Political Economy, Scottish Economic Society, vol. 18(2), pages 121-146, June. Full references (including those not matched with items on IDEAS)
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