Abstract
On the basis of data collected at club level, it can be suggested that most Scottish elite football teams were not profit-maximizers. The lack of price competition, the existence of free entry for some spectators, the playing of uneconomic friendly and minor cup fixtures, the relative under-utilization of ground facilities, and the employment policies and wage structures of clubs point to utility taking precedence over profits. Even if the clubs had been profit-maximizers, this would have required collusion at the Scottish Football League (SFL) level in order to produce uncertainty of results at both match and championship level, but the members of the SFL seem to have been willing to tolerate a high degree of inequality in playing success.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
