Download This PaperThe Competition Economics of Financial Fair Play
Ilmenau Economics Discussion Papers, Vol. 19, No. 85, March 2014
28 Pages Posted: 17 Mar 2014
Date Written: March 10, 2014
Abstract
This paper provides an economic analysis of the competition effects of UEFA’s financial fair play regulations. It concludes that the restrictive effects of the break-even rule cannot be justified by a legitimate objective defense (according to European competition policy) because significant financial problems due to overinvestment are not inherent to European football.
Keywords: financial fair play, sports economics, competition economics, European competition policy, football, soccer, overinvestment, rat race
JEL Classification: K21, L41, L42, L44, L83
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