IDEAS home Printed from https://ideas.repec.org/p/ame/wpaper/1401.html
   My bibliography  Save this paper

Determinants of football transfers

Author

Listed:
  • Hans van Ophem

    (University of Amsterdam)

  • Jeroen Ruijg

    (University of Amsterdam)

Abstract

The analysis of football transfers is hampered by selectivity bias. In most empirical estimations, simple regression is used and selectivity is ignored. In this paper we propose an estimation method that corrects for sample selectivity and allows the use of more observations in a simple manner. The ordered probit estimates point in a similar direction as the estimates from commonly applied estimation techniques but the significance is higher.

Suggested Citation

  • Hans van Ophem & Jeroen Ruijg, 2014. "Determinants of football transfers," UvA-Econometrics Working Papers 14-01, Universiteit van Amsterdam, Dept. of Econometrics.
    • Handle: RePEc:ame:wpaper:1401
    as

    Download full text from publisher

    File URL: http://ase.uva.nl/binaries/content/assets/subsites/amsterdam-school-of-economics/research/uva-econometrics/dp-2014/1401.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bernd Frick, 2007. "The Football Players' Labor Market: Empirical Evidence From The Major European Leagues," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 422-446, July.
    2. Stephen Dobson & Bill Gerrard & Simon Howe, 2000. "The determination of transfer fees in English nonleague football," Applied Economics, Taylor & Francis Journals, vol. 32(9), pages 1145-1152.
    3. Carmichael, Fiona & Forrest, David & Simmons, Robert, 1999. "The Labour Market in Association Football: Who Gets Transferred and For How Much?," Bulletin of Economic Research, Wiley Blackwell, vol. 51(2), pages 125-150, April.
    4. Alan Speight & Dennis Thomas, 1997. "Football league transfers: a comparison of negotiated fees with arbitration settlements," Applied Economics Letters, Taylor & Francis Journals, vol. 4(1), pages 41-44.
    5. Bill Gerrard & Steve Dobson, 2000. "Testing for monopoly rents in the market for playing talent – Evidence from English professional football," Journal of Economic Studies, Emerald Group Publishing, vol. 27(3), pages 142-164, September.
    6. Simon Medcalfe, 2008. "English league transfer prices: is there a racial dimension? A re-examination with new data," Applied Economics Letters, Taylor & Francis Journals, vol. 15(11), pages 865-867.
    7. Bill Gerrard & Steve Dobson, 2000. "Testing for monopoly rents in the market for playing talent – Evidence from English professional football," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 27(3), pages 142-164, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nikitina, N. & Bolgova, V. & Vinopal, M. & Nikiforova, T., 2022. "The influence of external attractiveness on the transfer value of football players," Journal of the New Economic Association, New Economic Association, vol. 54(2), pages 176-187.
    2. Benjamin R. Auer & Tobias Hiller, 2015. "On the evaluation of soccer players: a comparison of a new game-theoretical approach to classic performance measures," Applied Economics Letters, Taylor & Francis Journals, vol. 22(14), pages 1100-1107, September.
    3. Müller, Oliver & Simons, Alexander & Weinmann, Markus, 2017. "Beyond crowd judgments: Data-driven estimation of market value in association football," European Journal of Operational Research, Elsevier, vol. 263(2), pages 611-624.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Müller, Oliver & Simons, Alexander & Weinmann, Markus, 2017. "Beyond crowd judgments: Data-driven estimation of market value in association football," European Journal of Operational Research, Elsevier, vol. 263(2), pages 611-624.
    2. Craig A. Depken & Tomislav Globan, 2021. "Football transfer fee premiums and Europe's big five," Southern Economic Journal, John Wiley & Sons, vol. 87(3), pages 889-908, January.
    3. Francesca Pancotto & Giorgio Addessi & Nicola Auteri, 2024. "Soccer Bubble: Is There a Speculative Bubble in the Price of International Soccer Players?," Journal of Sports Economics, , vol. 25(5), pages 535-556, June.
    4. Bernd Frick & Rob Simmons, 2014. "The footballers’ labour market after the Bosman ruling," Chapters, in: John Goddard & Peter Sloane (ed.), Handbook on the Economics of Professional Football, chapter 13, pages 203-226, Edward Elgar Publishing.
    5. Domenico Campa, 2022. "Exploring the Market of Soccer Player Registrations: An Empirical Analysis of the Difference Between Transfer Fees and Estimated Players’ Inherent Value," Journal of Sports Economics, , vol. 23(4), pages 379-406, May.
    6. Herm, Steffen & Callsen-Bracker, Hans-Markus & Kreis, Henning, 2014. "When the crowd evaluates soccer players’ market values: Accuracy and evaluation attributes of an online community," Sport Management Review, Elsevier, vol. 17(4), pages 484-492.
    7. Orlov, Denis, 2015. "The effect of clubs’ bargaining power on football player’s transfer value," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 45-64.
    8. Marco Di Domizio & Raul Caruso & Bernd Frick, 2020. "Intelligenza Collettiva E Valore Di Mercato Dei Calciatori: Il Caso Transfermarkt," Rivista di Diritto ed Economia dello Sport, Centro di diritto e business dello Sport, vol. 16(2), pages 155-172, novembre.
    9. Stephen Hall & Stefan Szymanski & Andrew S. Zimbalist, 2002. "Testing Causality Between Team Performance and Payroll," Journal of Sports Economics, , vol. 3(2), pages 149-168, May.
    10. Bida, M. & Mirzoyan, A., 2023. "Factors influencing transfer policy of football clubs," Journal of the New Economic Association, New Economic Association, vol. 58(1), pages 66-88.
    11. Velema, Thijs A., 2019. "Upward and downward job mobility and player market values in contemporary European professional football," Sport Management Review, Elsevier, vol. 22(2), pages 209-221.
    12. McHale, Ian G. & Holmes, Benjamin, 2023. "Estimating transfer fees of professional footballers using advanced performance metrics and machine learning," European Journal of Operational Research, Elsevier, vol. 306(1), pages 389-399.
    13. Lukas Richau & Florian Follert & Monika Frenger & Eike Emrich, 2021. "The sky is the limit?! Evaluating the existence of a speculative bubble in European football," Journal of Business Economics, Springer, vol. 91(6), pages 765-796, August.
    14. Coates, Dennis & Parshakov, Petr, 2022. "The wisdom of crowds and transfer market values," European Journal of Operational Research, Elsevier, vol. 301(2), pages 523-534.
    15. Roberto Antonietti, 2008. "Il ruolo economico dell’arbitro di calcio: una rassegna della letteratura e alcune questioni aperte," Rivista di Diritto ed Economia dello Sport, Centro di diritto e business dello Sport, vol. 4(3), pages 75-103, Dicembre.
    16. Rafael Kujo Monteiro & Rodolfo Coelho Prates & Leonardo Matsuno Frota, 2023. "The determinants of player transfers in Brazil: the role of expectations in the football market," Applied Economics, Taylor & Francis Journals, vol. 55(26), pages 2964-2977, June.
    17. Oliver Gürtler & Markus Lang & Tim Pawlowski, 2015. "On the Release of Players to National Teams," Journal of Sports Economics, , vol. 16(7), pages 695-713, October.
    18. Daniel Högele & Sascha L. Schmidt & Benno Torgler, 2012. "The Influence of Superstars on Organizational Identification of External Stakeholders: Empirical Findings from Professional Soccer," CREMA Working Paper Series 2012-18, Center for Research in Economics, Management and the Arts (CREMA).
    19. Martin Užík & Roman Warias & Jozef Glova, 2022. "Management of Transfer Prices in Professional Football as a Function of Fan Numbers," Mathematics, MDPI, vol. 10(16), pages 1-13, August.
    20. Majewski Sebastian & Majewska Agnieszka, 2017. "Using Monte Carlo Methods for the Valuation of Intangible Assets in Sports Economics," Folia Oeconomica Stetinensia, Sciendo, vol. 17(2), pages 71-82, December.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ame:wpaper:1401. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Noud P.A. van Giersbergen (email available below). General contact details of provider: https://edirc.repec.org/data/feuvanl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.