An option pricing framework for the valuation of football players
Clark, Ephraim A., Tunaru, Radu and Viney, H. (2005) An option pricing framework for the valuation of football players. Review of financial economics, 14 (3) . pp. 281-295. ISSN 1058-3300 [Article] (doi:10.1016/j.rfe.2004.11.002)
Abstract
In this paper we develop a contingent claims framework for determining the financial value of professional football players. Contingent claims style modelling is used to develop two models. The pricing of football players is based on a performance index such as the Carling Opta Index. Unexpected events such as injuries are included into the models as Poisson jump processes. The value of a player varies from club to club, depending on club turnover and the total number of performance points generated by the entire team.
| Item Type: | Article |
|---|---|
| Research Areas: | A. > Business School > Accounting and Finance |
| Item ID: | 1211 |
| Useful Links: | |
| Depositing User: | Repository team |
| Date Deposited: | 25 Feb 2009 10:55 |
| Last Modified: | 13 Oct 2016 14:13 |
| URI: | https://eprints.mdx.ac.uk/id/eprint/1211 |
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