Production-Team quality-Uncertainty of Outcome
Rottenberg argues that a team generates its product by associating factors of production. Assume that two teams are occupied into a single firm, generating
for output games with revenues come from admission fees. Suppose that the players of one team is the one factor and all the others
(e.g. the players of the other team) another factor. Having the quantity of the other factors, the overall product curve of the
factor - the players of one team - will have the form. The curve will shift upward as the 'quantity' of this factor rises, reach a peak and then decline.
Cross-sectional models are significant at discovering team quality efforts on attendance (e.g. league positions of home and away teams).
Hart et al. (1975) and Peel and Thomas (1988, 1992) are concentrated on uncertainty of individual match outcomes. Peel and Thomas use bookmakers' odds as a
measure. A disagreement exists about evenly - balanced matches or matches the home team is possibly to win, are best for attendances.
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