Transfer Fee Regulations and Player Development

@inproceedings{Tervi2005TransferFR,
  title={Transfer Fee Regulations and Player Development},
  author={Marko Tervi{\"o}},
  year={2005}
}
This paper studies the role of transfer fees in professional sports, where players can commit to binding long-term contracts. They cannot switch clubs before their contract expires unless the old club agrees to let them go; transfer fee is the price of that agreement. Transfer fees have been defended as a necessary incentive for clubs to invest into training their young players. The apparent absence of signi cant training costs (compared to the level of transfer fees) has undermined this… CONTINUE READING

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