| By: |
Thadeu Gasparetto (Universidad de Vigo);
Carlos Fernandez-Jardon (National Research University Higher School of Economics);
Angel Barajas (National Research University Higher School of Economics) |
| Abstract: |
The paper contributes to explain an unexplored competition that is the
Brazilian State Championships. How it is organized and the financial features
of three championships are described. The aim of the paper is to discover if
the presence of "Brand-teams" in a competition increases the income of all
participating teams and if the type of championship conditions the effect of
Brand Team on revenues of all teams. As the present study aims to be a pioneer
in economic research on Brazilian State Championships, it has an exploratory
character. The study uses an equations system to estimate for testing the
hypothesis. The estimation method is 3SLS to delete the possible endogeneity
of the variables. There have been studied 400 matches played by 48 teams from
Mineiro, Paulista and Carioca Championships in season 2013. The structure of
the Brazilian State Championship, with the participation of brand-teams,
creates an income redistribution effect. The features of the visiting team
imply an increase in attendance. This effect is moderated by the type of
Championship. The Championship structure generates an additional increase of
the revenue. They increase according to the phase in which the competition
develops. This paper contributes to introduce the Brazilian State
Championships. Moreover, it comes to justify the participation of brand-teams
in order to help smallest teams to increase their revenues. The paper shows
that the organization of some Championships has more beneficial effects than
others |
| Keywords: |
Competition structure, redistribution effect, Brazilian football, State Championships, brand-teams. |
| JEL: |
L83 L10 H23 E25 |
| Date: |
2014 |
| URL: |
http://d.repec.org/n?u=RePEc:hig:wpaper:30man2014&r=spo |