Goal! Profit maximization and win maximization in football leagues
Pedro Garcia-del-Barrio () and
Stefan Szymanski ()
No 621, Working Papers from International Association of Sports Economists, North American Association of Sports Economists
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.
Keywords: soccer; football (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
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