Budzinski, Oliver; Müller-Kock, Anika - 2013
, most of these alleged market failures turn out to be normal features of business competition. A closer inspection merely … moral hazard issues and (ii) negative externalities on the league competition when an insolvent club would leave the market …-regulation that distorts competition and, in particular, serves to cement the status quo competitiveness relations (i.e. preventing …