The Economics of Football, Stephen Dobson and John Goddard.

The Economics of Football, Stephen Dobson and John Goddard. Review of Industrial Organization 22: 175–177, 2003. Book Review The Economics of Football, Stephen Dobson and John Goddard. New York, NY: Cambridge University Press, 2001, 458 pages including bibliography and index, $65. Stephen Dobson and John Goddard (henceforth, DG), two of the leading authors in the European sports economics literature, use a combination of economic reasoning and econometric analysis to enlighten us about European football. The analysis in the book primarily concerns English club football and the authors do their best to extend their findings to European football. Comparisons with the North American (NA) outcomes appear throughout. The book stands in important contrast to, say, Winners and Losers: The Business Strategy of Football, by Stefan Szymanski and Tim Kuypers (London: Penguin Books, 1999, henceforth SK). While there is substantial overlap between the two (especially on competitive balance issues, revenues, the player compensation mar- ket, and NA comparisons), DG provide technical analysis of their topics where SK aimed at the broadest possible audience. In addition, clear differences are the DG topics on managerial contributions, team performance with managerial change, and information efficiency in the share price and betting markets. As a final note of comparison, I would be comfortable using Review of Industrial Organization Springer Journals

The Economics of Football, Stephen Dobson and John Goddard.

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Kluwer Academic Publishers
Copyright © 2003 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
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