Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/336831 
Year of Publication: 
2026
Citation: 
[Journal:] Annals of Operations Research [ISSN:] 1572-9338 [Volume:] 357 [Issue:] 2-3 [Publisher:] Springer US [Place:] New York, NY [Year:] 2026 [Pages:] 1079-1099
Publisher: 
Springer US, New York, NY
Abstract: 
This paper examines the interdependence of international success and budget concentration for sports clubs. More specifically, we apply the notion of the Herfindahl–Hirschman index to examine the effect of international rewards on distortion of budget concentration and financial opportunities for sports clubs. We establish a relationship between the size of rewards and its impact on the index, thus deriving conditions under which budget concentration increases or decreases. Our results yield interesting policy implications for the regulation of prize schemes in international competitions.
Subjects: 
Budget concentration
Domestic and international competitions
Herfindahl–Hirschman index
Regulation
UEFA Champions League
JEL: 
L10
L83
Z20
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.