Frick, Bernd; Wallbrecht, Björn - In: Journal of Economics and Statistics (Jahrbuecher fuer … 232 (2012) 3, pp. 360-389
Due to their limited financial resources winning the national championship or qualifying for an international cup competition is not a viable option for most small market clubs in any of the European professional team sports leagues, such as soccer, ice hockey, basketball or handball. However,...