Uncertainty of outcome versus reputation: Empirical evidence for the First German Football Division

Georg Stadtmann () and Dirk Czarnitzki
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Georg Stadtmann: Wissenschaftliche Hochschule für Unternehmensführung - Otto Beisheim Graduate School of Management, Burgplatz 2, D-56179 Vallendar

Empirical Economics, 2002, vol. 27, issue 1, 112 pages

Abstract: This paper deals with the determinants of match attendance in the German premier football league. We analyse uncertainty measures of match outcome as well as uncertainty of championship outcome. Furthermore, we incorporate supporter clubs, reputation, performance measures and weather effects as explanatory variables. Due to the limited capacity of the stadiums, observations on attendance are right censored in our sample. While other authors use the ordinary least squares estimator, which is inconsistent in this framework, we take this restriction implicitly in consideration by using a Tobit model. In conclusion, we show that reputation and goodwill are more important for attendance levels than the thrill of outcome uncertainty.1

Keywords: Consumer; Demand; ·; Team; Sports; ·; Tobit; Estimator (search for similar items in EconPapers)
JEL-codes: C24 D12 (search for similar items in EconPapers)
Date: 2002-02-19
Note: received: September 1999/Final version received: January 2001
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Citations: View citations in EconPapers (100)

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Working Paper: Uncertainty of outcome versus reputation: empirical evidence for the First German Football Division (1999)
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