Feess, Eberhard; Frick, Bernd; Muehlheusser, Gerd - Department Volkswirtschaftlehre, Universität Bern - 2004
We perform a theoretical and empirical analysis of the impact of transfer fee regulations on professional soccer in Europe. Based on a model on the interaction of moral hazard and heterogeneity, we show (i) how the regulations effect contract durations and wages, (ii) that contracting parties...