Frick, Bernd; Wallbrecht, Björn - In: Jahrbücher für Nationalökonomie und Statistik 232 (2012) 3, pp. 360-389
, such as soccer, ice hockey, basketball or handball. However, since a particularly poor performance is usually punished by … experience, previous club performance (number of previous championship titles and number of previous relegations) and market size … (average attendance) affect survival in a statistically significant and economically relevant sense. Perhaps surprisingly …