Labor Market Pricing Models of the Professional Football

Student: Kirin Ivan

Supervisor: Andrey Tkachenko

Educational Programme: Applied Economics (Master)

Year of Graduation: 2017

The football transfer fee has been increasing rapidly. Union of European Football Associations founded Financial Fair Play Regulations (FFPR) in 2010 to prevent clubs from getting financial probles. FFPR affects behavior of clubs in the Transfer market. That is why it to estimate market value of football player rationally is crucial. At the same time, there are players on the market that are classified as undervalued or overvalued. In this paper, an attempt was made to smooth out this gap and assess the market value of football player based on skills, teamwork and market values. The model of regression system of equations was used for each position: defense, midfield and attack. The estimates are obtained by the 3SLS and identified key factors influenced on market value. In addition, possibility of practical application of the model was evaluated. The model is able to catch the real market value.

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