Article ID: | iaor20132504 |
Volume: | 24 |
Issue: | 3 |
Start Page Number: | 363 |
End Page Number: | 375 |
Publication Date: | Jul 2013 |
Journal: | IMA Journal of Management Mathematics |
Authors: | Manasis V, Avgerinou V, Ntzoufras I, Reade J J |
Keywords: | Europe, football |
The common competitive balance indices have not been designed to fully account for the complex structure of European football leagues. Domestic championships are multi‐prize tournaments since, in addition to the competition for the championship, the best teams also compete to qualify for the lucrative European tournaments, whereas the worst teams struggle to avoid relegation. This article introduces a new measure, the