Evaluating Rent Dissipation in the Spanish Football IndustryReport as inadecuate

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1 Department of Economics and Quantitative Methods 2 Departamento de Economía

Abstract : This article proposes to evaluate empirically the consequences of the rent-seeking behavior of football clubs on their costs. The empirical work entails estimating a football wage, result, and demand system with data on clubs competing in the first and second Spanish leagues during the 1996-2003 seasons. The estimation sheds light on wage distortions that differ from 45% to 52% throughout the period considered. This provides an interesting illustration of the financial difficulties faced recently by many European football clubs.

Author: Guido Ascari - Philippe Gagnepain -

Source: https://hal.archives-ouvertes.fr/


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