The English Football Industry: Profit, Performance and Industrial Structure
The English Football Industry: Profit, Performance and Industrial Structure
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英国足球产业：利润、绩效和产业结构
DOI：
10.1080/02692179700000008
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发表时间：
1997
期刊：
影响因子：
--
通讯作者：
Ronald Smith
中科院分区：
文献类型：
--
作者：
Stefan Szymanski;Ronald Smith
英格兰足球联盟是一个历史悠久的工业卡特尔，销售一种非常受欢迎的产品，只有不完美的替代品。尽管如此，其大多数会员俱乐部都在亏损，该行业在过去十年中面临着连续的金融危机。本章使用1974- 1989年期间48家俱乐部的高质量数据集，开发了一个英格兰联赛俱乐部财务业绩的实证模型。基本模型解释了俱乐部所有者在生产约束下的最大化行为是如何竞争租金的。这个模型是参数化的方程组，描述了一个最大化的所有者的行为受到需求和生产的限制。然后，该模型被用来研究协调失败，这是在英格兰足球联赛的下降的核心，并评估英超联赛的前景。
The English (Association) Football League is a long-established industrial cartel selling a highly popular product with only imperfect substitutes. Despite that, the majority of its member clubs lose money and the industry has faced successive financial crises over the last decade. This chapter develops an empirical model of the financial performance of English League clubs using a high-quality data set of 48 clubs over the period 1974—89. The underlying model explains how rents are competed away through the maximising behaviour of club owners subject to production constraints. This model is parameterised by a system of equations which describe the behaviour of a maximising owner subject to demand and production constraints. The model is then used to examine the coordination failure which lies at the heart of the English Football League’s decline and to assess the prospects for the Premier League.