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Analysing the Technical Efficiency of the Spanish Football League First Division with a Random Frontier Model
[journal article]
Abstract This paper analyses technical efficiency of football clubs in the Spanish Football League Division 1 (Primera Liga) from the seasons 1995/96-2004/05 with an unbalanced panel data. The random frontier model is used allowing the identification of random variables in the cost frontier. It is concluded... view more
This paper analyses technical efficiency of football clubs in the Spanish Football League Division 1 (Primera Liga) from the seasons 1995/96-2004/05 with an unbalanced panel data. The random frontier model is used allowing the identification of random variables in the cost frontier. It is concluded that the price of capital-investment, the number of points won and attendance are heterogeneous variables. Therefore, no common public policy aiming to improve efficiency can embrace all of the clubs, so that policies by clusters are required.... view less
Document language
English
Publication Year
2009
Page/Pages
p. 3239-3247
Journal
Applied Economics, 41 (2009) 25
DOI
https://doi.org/10.1080/00036840701765379
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)