Crowdsourced assessments of the value and ability of football players should be used with caution. As a rule, such estimates are below market value, while the difference depends on the league and the prestige of the players. Dennis Coates and Petr Parshakov, researchers at the International Laboratory for the Economics of Intangible Assets of HSE — Perm, came to such conclusions in the article "The wisdom of crowds and transfer market values", published in the European Journal of Operational Research.
Economics of sports was one of the topics featured at the recent April Academic Conference. A section led by HSE Deputy Vice Rector Dmitry Dagaev included sessions dedicated to financial and organizational regulation, competitive balance, and determinants of success in sport. Two of the sessions were moderated by international scholars, Prof. Dennis Coates and Dr. Tim Pawlowski, who have talked to HSE News about their research interests and the importance of sports in modern global economy.
Angel Barajas, Academic Superisor of the International Laboratory of Intangible-driven Economy, Professor at the University of Vigo, and research fellows of the laboratory Dennis Coates, Professor at the University of Maryland, Marina Zavertiaeva and Petr Parshakov took part in the 7th European Sport Economics Association Conference on Sport Economics that was held on August 27-28 in Zurich.
HSE Campus in Perm has launched a series of research seminars at the International Laboratory of Intangible-driven Economy involving international experts. Leading Research Fellow of the Laboratory Angel Barajas from the University of Vigo (Spain) and head of the sports economy section Dennis C. Coates, from the University of Maryland (US) were involved in the seminar series. From June 14 to 18 the 3rd International Summer School on the Intangible-Driven Economy will take place. Key speakers will include IDLab's leading researchers. Dr. Barajas spoke to HSE English News about the seminar series, the summer school, intangibles in football economics and the FIFA crisis.