Cost performance of Brazilian soccer clubs: A Bayesian varying efficiency distribution model

Carlos Barros, A.George Assaf and Ari Francisco de Araujo

Economic Modelling, 2011, vol. 28, issue 6, 2730-2735

Abstract: This paper analyzes the cost efficiency of Brazilian first league soccer clubs using a Bayesian Varying Efficiency Distribution (VED) model. We confirm that the model fits the data well with all coefficients correctly signed and in line with the theoretical requirements. From the efficiency results, it was clear that the Brazilian soccer league operates at a lower performance in comparison to other international soccer leagues. Factors which contributed to this finding as well as other policy implications are provided.

Keywords: Soccer; Brazil; Cost efficiency; Bayesian VED model (search for similar items in EconPapers)
JEL-codes: C69 L83 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:28:y:2011:i:6:p:2730-2735

DOI: 10.1016/j.econmod.2011.08.002

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