Tunaru, Radu; Clark, Ephraim and Viney, Howard
An option-pricing framework for valuation of football players.
Review of Financial Economics, 14(3-4) pp. 281–295.
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.
||Real options; investment analysis; geometric Brownian motion; jump processes; Ito's lemma
||Open University Business School
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||07 Jun 2006
||02 Dec 2010 19:46
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