Obwohl die Bundesliga in dem potentiell attraktivsten europäischen Fussballmarkt operiert, ziehen ihre Klubs in der Champions League vor allem gegen die Konkurrenten aus der Premier League systematisch den Kürzeren. Weil Überinvestition gerade nicht durch eine Auflösung der betroffenen Klubs...

There is a well-established literature on separately testing the prediction power of different betting market settings. This paper provides an inter-market comparison of the forecasting accuracy between bookmakers and a major betting exchange. Employing a dataset covering all football matches...

Existing studies about the determinants of the so-called couch potato audience in sports concentrate on the quality of the sporting contest which involves both the absolute playing strength of the competing teams and the relative evenness of the competition. Regarding national team competitions,...

The transfer system imposed by the football governing bodies on employment relations made sure that a player could not leave his current club and sign with another club without the current club's explicit consent. The 1995 Bosman judgement of the European Court of Justice declaring football...

Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American...

In this paper, we empirically investigate the performance effect of team-specific human capital in highly interactive teams. Based on the tenets of the resource-based view of the firm and on the ideas of typical learning functions, we hypothesize that team members’ shared experience in working...

In order to avoid too many tied games after playing the five-minute overtime period, the National Hockey League introduced two rule changes in the 1999-2000 season. First, a team that loses in overtime receives one point instead of zero points. Second, the number of skaters in overtime is...

Economic theories of superstar emergence concentrate on the perceived quality of the star’s performance. Thus superstars are identified by perceived talent superiority. Information technology and mass media have recently released a new type of stars: celebrities who are just known for being...

This paper develops a model of a professional sports league with network externalities by integrating the theory of two-sided markets into a contest model. In professional team sports, the competition of the clubs functions as a platform that enables sponsors to interact with fans. In these...

This paper studies the relationship between talent disparity and team productivity based on panel data from German soccer teams. Holding average ability and unobserved team heterogeneity constant, we find evidence that the players selected to play on the competition team should be rather...