This paper examines the determinants of the difference between soccer player registration transfer fees and the estimated inherent value of transferred players. The results show that this difference increases for players competing in the same league as that of the acquiring team, players...

Does social capital always promote solidarity and democracy, or are social networks such as sports clubs also vulnerable to populism? We exploit quasi-experimental variation in sports club membership in German cities. Sports clubs are booming in cities with successful soccer teams which pass the...