nep-spo New Economics Papers
on Sports and Economics
Issue of 2010‒12‒04
four papers chosen by
Joao Carlos Correia Leitao
University of Beira Interior and Technical University of Lisbon

  1. The economic value of elite sports - The case of Sweden By Behrenz, Lars
  2. Besonderheiten des Sports ‐ Was rechtfertigt eine "eigene Ökonomik"? By Helmut Dietl
  3. Floating European football clubs in the stock market By Michel Aglietta; Wladimir Andreff; Bastien Drut
  4. Smarter Task Assignment or Greater Effort: the impact of incentives on team performance. By Propper, Carol; von Hinke Kessler Scholder, Stephanie; Tominey, Emma; Ratto, Marisa; Burgess, Simon

  1. By: Behrenz, Lars (Centre for Labour Market Policy Research (CAFO))
    Abstract: This study is about elite sports in Sweden. There are a lot of ways of studying the economic value of elite sports. In this article we use information from population data, club accounting and a questionnaire to get a picture of the economic values of elite sports. Our knowledge from earlier research concerning the economic value of elite sports is mainly based on US data. The Scandinavian model for sport is different from sports in the USA since the clubs are not owned by businesses and the goals are more or less “sport for all”. This paper tries to present a picture of the process of elite sports in countries there elite sports traditionally has been a mixture between professional and amateur. The results from willingness to pay analysis for the presence of elite sports in the actual county indicate values of 350 SEK (about 35 EURO) per year and person in Sweden. Another way of calculating the value of the elite teams is by estimating how many working hours people are prepared to devote to helping the club. If these hours are translated into economic values, it runs into between 3000 to 5000 SEK (about 300 to 500 EURO) per year and person, depending on location in Sweden
    Keywords: Cost–Benefit Analysis; Regional economic development;
    JEL: D61 R11 R58
    Date: 2010–11–21
  2. By: Helmut Dietl (Institute for Strategy and Business Economics, University of Zurich)
    Abstract: Dieser Beitrag ist ein Plädoyer für eine eigene Sportökonomik. Er untersucht, welche Besonderhei-ten des Sports eine eigene Ökonomik rechtfertigen. In Kapitel 2 wird zunächst die Frage beantwor-tet, ob sich eine eigene Sportökonomik bereits aufgrund der wirtschaftlichen Bedeutung des Sports rechtfertigen lässt. Kapitel 3 rechtfertigt eine eigene Sportökonomik aufgrund der ökonomischen Besonderheiten des Wertschöpfungsprozesses im Sport. Inwieweit die Besonderheiten der Wertan-eignung sowie des Wettbewerbs im Sport ein branchenspezifisches ökonomisches Instrumentarium erfordern, wird in den Kapiteln 4 bzw. 5 erörtert. Kapitel 6 beschreibt, warum die institutionellen Eigenheiten des Sports eine eigene Sportökonomik unerlässlich machen. Kapitel 7 erläutert die Be-deutung einer branchenspezifischen Ökonomik zur Beurteilung regulatorischer Eingriffe. Die wis-senschaftlichen Besonderheiten des Sports sind Inhalt von Kapitel 8. Das Plädoyer für eine eigene Sportökonomik wird in Kapitel 9 mit einem kurzen Fazit abgeschlossen.
    Date: 2010–11
  3. By: Michel Aglietta; Wladimir Andreff; Bastien Drut
    Abstract: Since the first initial public offering of a European football (soccer) club in 1983, more than forty other clubs have experienced a venture in the stock market. In this paper, it is investigated how much relevant and successful these experiences of listing and floating football clubs at the stock exchange have been. First, by showing that investing in the Dow Jones StoXX Football index is of little attractiveness in the perspective of an investor's efficient overall asset allocation. Then in examining the determinants of a football club's fair value and the relationship between stock performances and sporting results. Finally, an approach (alternative to the Anglo-American model of capitalism) of corporate governance, based on the concept of a soft budget constraint, is applied to European football clubs taking stake of their lasting financial deficits and debts. This alternative theoretical approach paves the way for an empirical testing of a vicious circle between negotiating higher TV rights revenues and player wage inflation.
    JEL: G12 G30 G34 Z19
    Date: 2010
  4. By: Propper, Carol; von Hinke Kessler Scholder, Stephanie; Tominey, Emma; Ratto, Marisa; Burgess, Simon
    Abstract: We use an experiment to study the impact of team-based incentives, exploiting rich data from personnel records and management information systems. Using a triple difference design, we show that the incentive scheme had an impact on team performance, even with quite large teams. We examine whether this effect was due to increased effort from workers or strategic task reallocation. We find that the provision of financial incentives did raise individual performance but that managers also disproportionately reallocated efficient workers to the incentivised tasks. We show that this reallocation was the more important contributor to the overall outcome.
    Keywords: Public Sector; Incentives; Performance; Teams;
    JEL: J33 J38
    Date: 2010

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