Some Empirical Testing

  • Duane W. Rockerbie
  • Stephen T. Easton
Part of the Sports Economics, Management and Policy book series (SEMP, volume 5)


Testing for the presence of unsustainable runs is difficult because the model of Chaps. 4 and 5 does not explicitly detail the process by which a club owner moves from one equilibrium to another, if more than one equilibrium exists. This is an unfortunate shortcoming of models that generate multiple equilibria


Asset Price Total Revenue Multiple Equilibrium Revenue Function Speculative Bubble 
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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of LethbridgeLethbridgeCanada
  2. 2.Department of EconomicsSimon Fraser UniversityBurnabyCanada

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