In this article, we generalize the position value, defined by Meessen (Master’s thesis, 1988) for the class of deterministic communication situations, to the class of generalized probabilistic communication situations (Gómez et al. in European Journal of Operational Research 190:539–556, 2008). We provide two characterizations of this new allocation rule. Following in Slikker’s (International Journal of Game Theory 33:505–514, 2005a) footsteps, we characterize the probabilistic position value using probabilistic versions of component efficiency and balanced link contributions. Then we generalize the notion of link potential, defined by Slikker (International Game Theory Review 7:473–489, 2005b) for the class of deterministic communication situations, to the class of generalized probabilistic communication situations, and use it to characterize our allocation rule.
Purpose: This research proposes analytical valuation models throughout football players' life cycles based on crowd valuations from social media to produce dynamic sporting human capital disclosures, and therefore, supplying further useful information to capture the intellectual capital (IC) of football clubs.Design/methodology/approach: This work is carried out using an econometric model that includes 658 observations of crowd judgments versus their transfer fees, for the best footballers of the three major European Leagues between 2006 and 2018. To make the model more parsimonious, the set of independent variables that really add value has been found across the stepwise methodology.Findings: The significant differences between both models are analyzed, integrating previous academic literature based on the existence of negotiation elements in prices, and in the capacity of crowdsourcing to explain assessments of football players, from a dynamic perspective, alongside a new variable: injuries, which has not been explained before.Originality/value: The broader assessments from crowdsourcing should be integrated in intellectual capital disclosures (ICD), from a critical, novel and dynamic perspective, creating a virtuous cycle between managers and fans, to increase transparency of financial information for stakeholders and society.
1 May 2015 in European Journal of Operational Research