The Consequences of an Open Labour Market in a Closed Product Market in the Economic Environment of European Professional Football
International Association of Sports Economists Working Paper No. 0830
16 Pages Posted: 21 Jan 2009
Date Written: December 1, 2008
Abstract
Ever since the Bosman case opened the labour market for players in European professional football, competitive balance has reduced in favour of the Big 5 leagues (England, Spain, Italy, Germany and France). In this article we show that changing structures towards an open labour market in a closed product market resulted in a migration of player talents towards the major leagues and teams and in a competitive disadvantage for the smaller market leagues and their teams. Next to a theoretical argumentation, we provide empirical evidence and assess future options for the structure of European professional football.
Keywords: Bosman case, competitive balance, international labour mobility, professional team sports, stepping stone league
JEL Classification: J61, L52, L83
Suggested Citation: Suggested Citation
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