There is an on-going debate about the optimal degree of team solidarity in professional European soccer leagues. Support for a high degree of team solidarity has been coming from the theory of competitive balance. Within this theory, attendance has always been referred to as the endogenous...

The transfer system imposed by the football governing bodies on employment relations made sure that a player could not leave his current club and sign with another club without the current club's explicit consent. The 1995 Bosman judgement of the European Court of Justice declaring football...

Unternehmensberatungen gelten vielfach als Karrierespungbrett für Hochschulabsolventen. Im vorliegenden Aufsatz untersuchen wir die Lebensläufe aller Verwaltungsrats- und Geschäftsleitungsmitglieder der im schweizerischen Aktienindex SMI zusammenge-fassten Unternehmen auf Hinweise für eine...

Why is discovery in the Old Economy mostly financed by investors whereas entrepreneurs in the New Economy usually remain self-employed? The paper tries to answer this question based on a semi-formal analysis.

Internationally unparalleled fractions of doctoral degree holders among German top managers and superior career perspectives for German university graduates holding a doctoral degree suggest that the traditional German doctorate has not been primarily perceived as a specialized indicator for...

Berichte über phänomenale Preissteigerungen bei feinen Weinen in der zweiten Hälfte der 90er Jahre haben die Frage aufgeworfen, ob sich Weine als Kapitalanlagen eignen könnten. Während diese Frage bezogen auf den Durchschnitt aller Weine sicher zu vernei-nen sein dürfte, ist dennoch nicht...

This paper presents estimation results on the size and loyalty of sport teamsÕ sup- porter groups in professional German football. Based on a novel two-stage estimation procedure, we find clear evidence for heterogeneity across teams. In a first stage, a random utility model for a...

This paper develops a model of a professional sports league with network externalities by integrating the theory of two-sided markets into a contest model. In professional team sports, the competition of the clubs functions as a platform that enables sponsors to interact with fans. In these...

We analyze the effect of national diversity on sports team performance. Due to language barriers, we expect the team’s productivity to decrease with the number of nationalities, but that the introduction of further nations and further aspects of different cultures might lead to additional...