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Product Description
This book presents an original economic analysis of the English professional football industry. The economic influences on decisions taken by owners, managers, players and spectators are all considered, using theoretical and empirical methods of economic investigation. The empirical analysis draws on English club-level data, with extensive international comparisons. Concludes with an extended discussion of a number of major economic policy issues affecting the future of the football industry, including European super league proposals, contractual arrangements in the players' labor market, and football's evolving relationship with the broadcasting media.
Download Description
This book presents the first detailed economic analysis of professional football at club level, using a combination of economic reasoning and statistical and econometric analysis. Most of the original empirical research reported in the book is based on English club football. A wide range of international comparisons help emphasise both the broader relevance as well as the unique characteristics of the English experience. Specific topics include: the links between football clubs' financial strength and competitive balance and uncertainty of outcome; the determinants of professional footballers' compensation; measuring the football manager's contribution to team performance, the determinants of managerial change, and its effects on team performance; patterns of spectator demand for attendance; predicting match results, betting on football, and the market in football clubs' company shares. The book concludes with an extended discussion of the major economic policy issues currently facing football's legislators and administrators worldwide.
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