Isn't it more akin to Vanguard's Windsor Fund, a pure valuation player?
The optimal design discounts the effort of the high valuation player in order to induce him to compete vigorously.
We also find underbidding for the low-valuation players and overbidding for the high-valuation player in a contest with a refund.
That is, before sabermetrics and the scientific valuation of players to teams came on the scene.
"We will not put valuations on players that are completely unrealistic.
Consequently, clubs will continue to offer different valuations on players, allowing smaller clubs to extract better value from the transfer market and outperform their bigger, wealthier rivals.
In fact, it wasn't even a bid because it never reached any sort of valuation of the players.
In addition, the long term case for diesel engines for compact cars could be in jeopardy and could impact the fundamental valuation of most players in the sector".
"One thing I will say - the Premier League clubs have to meet the valuation of our players".
However it remains to be seen whether PSG would be prepared to sell a player for whom they paid a hefty transfer fee and whether United match their valuation of the player.
Players will only go if the players' valuations are met".
