Price of Football Players

Table of Contents Introduction Supply Demand Theory Skill Sets Bargaining Power Sponsorship Other Factors References Introduction Why do football players cost so much? Why do players transferred from one club to another get so very high price of  £82,500,000 while another players a sum of  £21,000,000? What determines these prices and are they determined? All these questions poses a potent reason for a demand supply analysis of football players.Advertising We will write a custom essay sample on Price of Football Players specifically for you for only $16.05 $11/page Learn More This paper analyses the reason why players are given higher transfer rates and the economic theory that lies behind this transfer. The players that we choose for this analysis are Nacho Monreal from Arsenal and Jack Butland from Stoke City. Supply Demand Theory While discussing the price that footballers receive from the clubs are astronomically high. Some players receive ve ry high transfer prices while others do not receive such high wages. The transfer costs are actually, in economic sense, the price, or the wages that is determined through the interaction of supply and demand. The footballers who have a very high degree of skill and have a proven past record are priced very high. The supply curve of a commodity as we know in economics is a positively sloping line, whereas in case of football players is a vertical line indicating a fixed supply. This is because, the service that the footballers have to offer is their skill sets as a player which cannot rise or fall with the price. It remains same at any price, showing a highly inelastic supply curve. However, the demand curve of the footballers is highly elastic that varies with the prices. When there is an interaction between the supply and the demand curves, and the price at which they interact, becomes the equilibrium price at which the player is transferred. This price is the transfer cost that c lubs pay. Figure 1: Demand and supply curve of a footballer Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In figure 1 the supply curve is shown as a perfectly inelastic curve and the downward sloping demand curve shows that with an increase in the price of the player shows that the demand for the player would reduce. Skill Sets In case of Nacho Monreal from Arsenal and Jack Butland a comparison has to be made in terms of their skills. A comparison of their past performances shows that Nacho was a defender who had 2 goals to his credit, he had assisted in making 8 goals, in 35 matches he had played. On the other hand, Jack a goalkeeper, had conceded 69 goals and missed 13 goals in the 49 matches he had played. This shows that if a performance ratio is considered, Nacho’s performance was far better than that of Jack. Hence, it may be concluded that the higher price that was offered to nacho was due to the better performance he had shown in the previous matches he had played. The theory of marginal revenue product of the players demonstrates that the price of a product or marginal revenue of a product depends on the price of the last good that was sold and on the productivity of the good. In case of a football player, the marginal revenue i.e. the price the clubs are willing to pay for a player. This price also includes the ability of the player to draw sponsors and advertisements money. In a way, this is directly dependent on the media popularity fo the football player. Earlier, the amount of the transfer price has not been very high, which has increased exorbitantly in the recent years. Many believe that the high price paid to the footballers is due to the higher media popularity paid to the player. Many television channels and media houses willingly pay premium sponsorship prices to get a particular player to endorse their program or product. This again incr eases the market value of the player. For instance, Manchester United may just have to pay a meagre sum to its employees as they hire only few people but they earn revenue of  £1 million per game, which is much higher than what they pay . Bargaining Power From the point of view of the bargaining theory, a player who has a unique and commendable skill sets and is popular with the media would be in a better position to bargain with the clubs while a transfer cost is being determined . The reason being, even the player is aware of the amount of revenue he can fetch for the club through good performance on the field as well as through sponsorships.Advertising We will write a custom essay sample on Price of Football Players specifically for you for only $16.05 $11/page Learn More Further, the marginal productivity of a player is not assessable. But a good player can help his team to perform better and therefore, the skills he has a footballer would help th e team to gain a higher position in the league matches which would increase the popularity of the club. For instance, Messi is a great asset for Barcelona, as he almost singlehandedly helps the club win, as well as become the champion. A player of his calibre would definitely fetch a higher price for he has a higher level of skill sets and performance to offer . Therefore, a player who has the potential to make the club win or reach the finals or semi-finals of the premiere leagues would definitely have a higher bargaining power as well as price. Sponsorship Another aspect that has a strong influence on the price of the football players is the sponsorship that he can draw. For instance, David Beckham, Messi, or Christiano Ronaldo is the poster boys of all big companies who are the primary sponsors of football. As these players are immensely popular with the football watching and non-watching audience, they have a higher endorsement price that eventually goes to the club. Therefore, if a player is media friendly and is priced high by the media, he would eventually cost high to the clubs too. Other Factors Another factor that may have an influence on the transfer cost of the players is their degree of competitiveness. The clubs in the English Premier League are highly competitive and they vigorously compete against each other for a good player. Therefore, when the demand for the good is very competitive, this would increase the price of the product, supply being constant. High bidding on a player from the top clubs also results in higher costs of players. Furthermore, there are rich clubs who are willing to pay a very high price for the right player and this knowledge in the market increases the expectation as well as the price of the footballers. Price of a player is dependent on various factors. However, the whole mechanism of the bidding prices and the price is determined through the process of demand and supply interaction as explained through economic theor ies.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Andrear, L 2007, Are football players paid too much?, http://www.helium.com/items/217870-Football-News-Opinion. Bowman, B 2011, Is international football migration simply another type of labour migration?, http://www.academia.edu/2535233/Is_international_football_migration_simply_another_type_of_labour_migration. DevecioÄŸlu, S 2011, The Valuation of Human Capital in the Football Player Transfer Market, http://www.academia.edu/836938/The_Valuation_of_Human_Capital_in_the_Football_Player_Transfer_Market. Dobson, S Goddard, J 2011, The Economics of Football, Cambridge University Press., Cambridge, UK. Economics 2007, Economics of Football – Players Wages, http://econ.economicshelp.org/2007/09/economics-of-football-players-wages.html. Economics 2013, Economics of Football, http://econ.economicshelp.org/2007/09/economics-of-football.html. Kà ©senne, S 2007, The Economic Theory of Professional Team Sports, Edward Elgar Publishing, London. L’histoire de sa vie 2008, You lack a rudimentary understanding of market economics, http://www.nathan-miller.com/you-lack-a-rudimentary-understanding-of-market-economics/. Quinn, KG 2009, The Economics of the National Football League: The State of the Art, Springer, London. Transfermarkt 2013, Premier League – England, http://www.transfermarkt.co.uk/en/premier-eague/letztetransfers/wettbewerb_GB1.html. This essay on Price of Football Players was written and submitted by user Allan Powers to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

How to Find the Best Essay Writer on Craigslist

How to Find the Best Essay Writer on CraigslistAre you in need of a professional to write an essay for your resume? Are you looking for a way to find the right person to write your resume? Perhaps you are interested in hiring a writer but not sure how to go about it?There are a lot of people who are in the same situation as you. While you may know where to look for someone to hire, you may not know how to use these tips to ensure that you are getting the best. Here are some simple techniques to help you with your needs.Use search engines. A lot of sites offer free listings so this is a good place to start. You will be able to narrow down your search to a few places if you know what to type in the search engine fields. For example, if you are looking for a job as a writer, type in writing jobs and then other pertinent information like location.Use forums. Forums are great resources for finding people in your local area who are looking for a job like yours. You can ask your friends or neighbors for recommendations or even get feedback from employees that work at the job site you are interested in working at. They may be able to point you in the right direction when it comes to the best writers in your area.Use the Internet. The Internet has many tools available for finding a job and how to get hired. There are sites like Craigslist that provide all the information you need for finding and hiring a writer.Register for a freelance website. A lot of these websites are run by freelancers and they are all around ready to hire. You can search their database to find a writer and apply online to be hired.Use an agency. Not every writer will be willing to work for anyone for free. One of the best ways to find a freelance writer is to use an agency. The agency will be able to find a writer that is suitable for your project and will take care of the costs involved in the project.These are just a few ways you can use to find an essay writer for hire on Craigslist. Once you b egin searching for a writer, you will find that you can easily find one that fits your needs. Whether you need to hire someone to write an essay or a professional who is writing books and essays, using these tips can help you find the best writer for your project.

How to Use an Astronomy Essay Topics List

How to Use an Astronomy Essay Topics ListReading through an astronomy essay topics list can be a great way to begin your astronomy writing. If you have not previously started to think about what sort of writing you want to do, you will be able to find a lot of the information that you need without having to spend time hunting for it.By writing your research material in the form of essay topics, you will be able to start writing and getting your material to people faster than if you had to spend hours looking through the books or looking for reference material. You can create a short outline of what kind of things you want to include. You can use the list to get your writing onto the right track.You can also go over the list and make sure that you have all the information that you need. Reading through this list will be very helpful to you.When you start to write your essay, you should take some time to review the list. You should also review the topics and go over them carefully. You want to ensure that you use the topics that are most important to you and go over these topics in detail so that you are able to keep them fresh.You may find that you have other topics that you feel are important to your topic but do not seem to fit. That is when you will want to take a look at the list and see what sort of topics you might be able to use for your other topics.If you feel that you have more research materials that are going to be required in order to support your points, then you should take the time to gather all of these in one place. This will help you ensure that you will be able to use all of the information that you need to in order to present your essay.In addition to taking the time to compile all of your materials into one location, you will also want to make sure that you are going to be able to use all of the software that is available to you in order to enhance your writing. While some of the software that is out there will allow you to do some of the f ormatting on your own, others will allow you to use some software in order to add text and graphics to your essay.As you can see, the list of astronomy essay topics can be helpful for you if you are looking to write a more structured essay. Reading through this list will help you get all of the information that you need and will also give you a lot of ideas about how to present your paper.

Best Essay Topics for American History Class

Best Essay Topics for American History ClassWhen you're trying to find the best essays to write for your college classes you'll need to know which essay topics are out there and how to choose one. That's because you need to get the maximum amount of feedback from your essay topics before you submit it to your college. You also want to be sure that your essay is worth being published on a college's website.College students need to consider the type of topics that are common in American history essay topics. Some of the essay topics that you can expect to see on your online college essay are: founding fathers, civil war, revolution, slavery, business, labor union, religion, women's rights, and others. These types of topics are usually taught in an introductory course that allows students to think about history. They help students to see things in context and to understand how events actually affected society and individuals.If you're going to be teaching the essay topics that will be e xpected in American history courses you need to make sure that your essay topic is in line with the curriculum that you're using. For example, if you're going to be teaching college level history courses you may need to use topics that reflect modern American history. If you're using the topics of World War II or the civil war, you should prepare your essay in line with the curriculum that you'll be using.As far as essay topics go the themes that were prevalent in American history are some of the most well known. These include the Founding Fathers, the civil war, slavery, women's rights, and the national origins. This allows students to take what they learn and apply it to their life as individuals. They can then see what an impact these historical events had on the country.When choosing essay topics for your school, you need to find a few that are popular for other reasons. Perhaps you will be writing about a major figure of the founding era. You'll want to write about someone who is more familiar to most people or someone who has a strong appeal to many people.The nation's most famous person can be a good option, but remember that the essay should be reflective of the whole country. You don't want to teach an entire class on the life of someone who just happens to be a celebrity. You'll need to be careful about what you write and ensure that it's a reflection of American society.If you want to write something that reflects the true themes of modern American history then you'll need to know how to narrow your choices down so that you can focus on one specific era. You'll have to pick a decade and look at it from different perspectives. You'll need to find examples that can help you get the most from your essay.Keep in mind that the essays that you write on essay topics will be taken by professors and will have a major impact on your grades. If you want to ensure that your essay will stand out then you'll need to be sure that you write an interesting essay tha t accurately reflects a specific period in American history. By finding the right essay topics for your college classes you'll be able to maximize your study time and improve your grade.

Well-Researched Water Quality Research Paper Topics

Well-Researched Water Quality Research Paper TopicsIt is a well known fact that water quality research papers have the potential to promote a better environment. With this in mind, the best way to get more people interested in and aware of water safety is through writing well researched and scientifically sound information about water related issues. In the past decade, there has been a major movement towards water quality research papers.There are a number of issues covered in water research papers. Some of these are presented here for your understanding and at the same time you can decide for yourself what is most important for you. Keep in mind, it's better to publish more than one water quality research paper.Water quality research paper topics cover the following subjects:All water sources may contain various levels of contamination, which may cause harm if not removed. A well-designed water quality research paper may show some benefits to drinking this water if its water qualit y is high enough to make it safe for drinking.Groundwater research may help us understand some of the causes of problems that may have led to groundwater contamination. This water is the most used drinking water source, but we must not forget that we get only a small portion of the total supply, if you will, from groundwater.Some of the important water quality research paper topics are:I hope you found this article helpful in looking into what water contamination is all about and how water quality research papers can help. If you have any comments or questions, do let me know below!