|
| |
|
| |
|
|
Trh hráčů americké Národní fotbalové ligy: Jsou hráčům stále vypláceny mzdy odpovídající tržní situaci monopsonu?
Miškovský, Karel ; Hudík, Marek (advisor) ; Koubek, Ivo (referee)
The main goal of this thesis is to find out whether National football league players are, even 15 years after the birth of unrestricted free agency, still paid monopsonistic salaries or whether competition among NFL teams eliminated them. After a theoretical discussion, which will help to form expectations about the player market, models in line with the standard theory of labor compensation and with Becker's human capital theory are estimated. The part of the research following the standard theory focuses mainly on estimations of players' marginal revenue product and subsequently on comparison of their wages with their MRP. To do so, OLS regressions, as well as quantile regressions, are run. The part of the research following the human capital theory has a supporting role and is used to further confirm the previous findings. It is represented by OLS player salary estimation. The hypothesis that players under a full control of their teams are still paid salaries below their MRP cannot be rejected, thus confirming a presence of monopsonistic salaries. A significant effect of free agency status on player salaries is also found. Exclusive rights players are paid significantly lower salaries than all free agents, while restricted free agents are paid significantly lower salaries than unrestricted free agents. Superstar players are found to have salaries in excess of their MRP regardless of their free agency status.
|
|
| |
|
|
Analysis of sports clubs behavior: Do clubs maximize revenues from ticket sales?
Miškovský, Karel ; Janíčko, Martin (advisor) ; Bolcha, Peter (referee)
A general tendency in ticket pricing that is used by sports clubs all around the world is to set prices in the inelastic part of the demand curve. Despite this there have been complaints by soccer fans in the Czech Republic who believe that ticket prices for the Czech premier league are too high. To show the real situation, price elasticities were computed based on data from seasons 2006-2010 that were provided by three Czech soccer clubs. To achieve this, demand functions have been nailed down, assuming the possibility to price-discriminate between two types of demands, one for high quality seats and the other for low quality seats. The results show that Czech soccer teams behave like a normal profit maximizing monopolist firm and therefore the fan hypotheses about the prices being too high had to be rejected.
|
guest ::
