Goal! Profit Maximization Versus Win Maximization in Soccer

Goal! Profit Maximization Versus Win Maximization in Soccer In this paper we estimate the best responses of soccer clubs to the choices of other clubs in Spanish and English leagues over the period 1994–2004. We find that choices are more closely approximated by win maximization than by profit maximization in both leagues. We examine club characteristics that might explain variations in choices between Spanish clubs. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Goal! Profit Maximization Versus Win Maximization in Soccer

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Publisher
Springer US
Copyright
Copyright © 2009 by Springer Science+Business Media, LLC.
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-009-9203-6
Publisher site
See Article on Publisher Site

Abstract

In this paper we estimate the best responses of soccer clubs to the choices of other clubs in Spanish and English leagues over the period 1994–2004. We find that choices are more closely approximated by win maximization than by profit maximization in both leagues. We examine club characteristics that might explain variations in choices between Spanish clubs.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Feb 17, 2009

References

  • Testing mixed-strategy equilibria when players are heterogeneous: the case of penalty kicks in Soccer
    Chiappori, P.A.; Levitt, S.; Groseclose, T.
  • Profit maximization and the market selection hypothesis
    Dutta, P.; Radner, R.
  • Hidden monopsony rents in winner-take-all markets
    Garcia-del-Barrio, P.; Pujol, F.

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