This study examines the extent to which market size disparity across franchises - measured as the coefficient of variation of MSA populations - moderates the effectiveness of competitive balance interventions (CBIs) in Major League Baseball (MLB), the National Football League (NFL), the National...

Der vorliegende Beitrag untersucht die Wirkungen der Finanz- und Budgetregeln im europäischen Fußball in den letzten gut 15 Jahren. Es wird aufgezeigt, dass die negativen Externalitäten, welche eine solche Regulierung (sport-)ökonomisch rechtfertigen, durch die existierenden Finanzregeln auf...

Der vorliegende Beitrag untersucht die Wirkungen der Finanz- und Budgetregeln im europäischen Fußball in den letzten gut 15 Jahren. Es wird aufgezeigt, dass die negativen Externalitäten, welche eine solche Regulierung (sport-)ökonomisch rechtfertigen, durch die existierenden Finanzregeln auf...

This edition presents the latest analysis of the economic impact of sport in the European Union, using harmonised methods and the refined, updated Vilnius 3.0 definition. It provides guidance on compiling and interpreting comparable Sport Satellite Accounts (SSAs) across EU Member States,...

This study examines the determinants of away fan attendance in Germany’s top three football divisions over six seasons and assesses its impact on match outcomes. The analysis reveals that, after conditioning on home and away teams, distance and kick-off time are the most important predictors...

We propose a fundamental valuation model for sports clubs and stadia using discounted (adjusted) revenues. We argue that a sports club is a "quasi firm" that aims to balance budgets, achieve an efficient allocation of financial resources, and maximize revenues. Under this objective the sports...

This study investigates the presence and variation of home bias across different hierarchical levels in German men’s football. Based on an extensive dataset comprising 357,530 matches from the 2023/2024 season—collected via a Python script—the analysis includes match outcomes, attendance...

This paper analyzes the inequalities and convergence across countries using data on the top 100 players in chess and tennis. We explore the impact of time trends and exogenous global shocks on countries' representation in the top 100 players' lists in a manner akin to a natural experiment,...

The so-called 50plus1-rule in German football is a controversially discussed institution that regulates the investment behavior of professional football teams. This paper provides an empirical analysis of its effects. We gathered panel data on 47 teams in the German Major League Football ("Erste...

Commercial sports belong to the biggest entertainment industries in the world and, at the same time, are regularly raising antitrust concerns. This is partly due to the omnipresence of powerful market-internal regulators. These sport governing bodies set, implement, and enforce the rules and...

Professional sports are part of the entertainment industry; as such, its business is developed based on the perceived interest in sporting events, which in turn depends on features like: the (i) degree of competitive balance that determines the uncertainty of the outcome; the (ii) concentration...

The inception of financial fair play (FFP) regulations in 2011 prompted debates about their potential impact on competitive balance within European football. Divisive arguments emerged: some anticipated a negative influence, foreseeing a decline in competitive balance, while others posited a...

Road cycling races, although won by individual riders, are a competition of teams. Riding behind other riders significantly reduces the energy required to hold a given speed. These races thus provide free-riding incentives. We introduce a game-theoretic framework of this strategic setup to...

Financial regulation in sports is usually discussed in the context of representing an instrument against “financial doping”. Notwithstanding the merits of this discussion, this paper takes the opposite perspective and analyses how market-internal financial regulation itself may...

Dieser Beitrag beleuchtet drei zentrale Diskussionsbereiche mit Blick auf die Anwendung des Wettbewerbsrechts auf kommerzialisierte Sportmärkte im Allgemeinen und Märkte für den europäischen Spitzenfußball im Speziellen. Hierbei handelt es sich um die wettbewerbspolitische und...

Globalisation affects not only politics and the economy, but also sport, which has become significantly more international, competitive and financially powerful. This is particularly advantageous for most consumers or spectators. Especially top athletes benefit, while not so good athletes can...

This study aims to analyse the determinants of sport science students' entrepreneurial intentions considering the cultural effect on these relationships. The sample comprises 764 final-year sport science students from five European countries: Lithuania, Spain, Ukraine, Serbia, and Croatia. A...

Dieser Beitrag beleuchtet drei zentrale Diskussionsbereiche mit Blick auf die Anwendung des Wettbewerbsrechts auf kommerzialisierte Sportmärkte im Allgemeinen und Märkte für den europäischen Spitzenfußball im Speziellen. Hierbei handelt es sich um die wettbewerbspolitische und...

Experts' voting behavior is conjectured to be more objective than peer voting (own group/peers) and public voters (everyone interested), who are supposedly influenced by all sorts of subjective aspects. We examine differences in voting behavior between these groups by analyzing the voting...