Article

Frontier Models and Their Application to the Sports Industry

Young Hoon Lee

in The Oxford Handbook of Sports Economics

Published in print May 2012 | ISBN: 9780195387780
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195387780.013.0007

Series: Oxford Handbooks

 Frontier Models and Their Application to the Sports Industry

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This article presents an extensive discussion of stochastic frontier “effects” models, which analyze factors influencing efficiency. The recent literature on team sports efficiency is also addressed. It offers an overview of the stochastic frontier model and equations for general models. It then compares various models that may be useful in analyses of determinants of efficiency and the effects models. The methodologies for inference within team efficiency estimation are explained. Additionally, a more detailed discussion of frontier models with time-varying efficiency is shown. The confidence interval from the percentile bootstrap should be precise enough for panel data with sufficiently large time-series observations because a bias problem is less likely. The discussion of the selection of input variables revealed that team playing talents can be decomposed into positional playing talents that have different roles in the process of producing output (producing wins).

Keywords: stochastic frontier models; bias; team sports efficiency; effects models; efficiency

Article.  7430 words. 

Subjects: Economics ; Industry Studies ; Econometric and Statistical Methods and Methodology: General

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