Abstract
This study applies stochastic frontier analytic techniques in the estimation of sporting production functions. As ex ante input factors, we use pre-seasonal estimates of wage bills of players and coaches that are transformed during the production process of a season into ex post pecuniary revenues and sporting success. While in the case of athletic output we find a robust pattern of technical efficiency over subsequent seasons, the estimates based on economic output highlight the instability of the German soccer industry.
| Item Type: | Paper |
|---|---|
| Keywords: | soccer economics ; sporting production function ; stochastic frontier |
| Faculties: | Economics Economics > Munich Discussion Papers in Economics Economics > Munich Discussion Papers in Economics > Micro-Economics Economics > Munich Discussion Papers in Economics > Industrial Organization |
| Subjects: | 300 Social sciences > 300 Social sciences, sociology and anthropology 300 Social sciences > 330 Economics |
| JEL Classification: | L83, C21, D24 |
| URN: | urn:nbn:de:bvb:19-epub-5-8 |
| Language: | English |
| Item ID: | 5 |
| Date Deposited: | 13. Apr 2005 |
| Last Modified: | 04. Nov 2020 15:04 |
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