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Goal! Profit Maximization Versus Win Maximization in Soccer

Abstract

In this paper we estimate the best responses of soccer clubs to the choices of other clubs in Spanish and English leagues over the period 1994–2004. We find that choices are more closely approximated by win maximization than by profit maximization in both leagues. We examine club characteristics that might explain variations in choices between Spanish clubs.

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Correspondence to Stefan Szymanski.

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Garcia-del-Barrio, P., Szymanski, S. Goal! Profit Maximization Versus Win Maximization in Soccer. Rev Ind Organ 34, 45–68 (2009). https://doi.org/10.1007/s11151-009-9203-6

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  • DOI: https://doi.org/10.1007/s11151-009-9203-6

Keywords

  • Club owners’ objectives
  • Profits
  • Sport performance

JEL Classification

  • L21
  • L82
  • J24
  • J31