We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … incentives in European football. The different regimes, being used until 1995 ("Pre-Bosman" or P), currently in use ("Bosman" or … a transfer depending on whether a player has a valid contract or not. We show that the different systems differ only …

ante by higher wages when agreeing to a long-term contract. Using data from the German "Bundesliga", our model predictions … are broadly confirmed. -- Strategic contracting ; rent-seeking ; empirical contract theory ; long-term contracts ; breach … of contract …

compensated ex ante by a higher wage when agreeing to a long term contract. Using data from the German "Bundesliga", our model … contract theory ; long-term contracts ; breach of contract ; sports economics …

We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … incentives in European football. The different regimes, being used until 1995 (Pre-Bosman; or P), currently in use (Bosman; or B … transfer depending on whether a player has a valid contract or not. We show that the different systems differ only with respect …

compensated ex ante by a higher wage when agreeing to a long term contract. Using data from the German "Bundesliga", our model …