Humphreys, Brad; Frick, Bernd - Department of Economics, University of Alberta - 2011
The predictions that emerge from tournament theory have been tested in a number of sports-related settings. Since … tournament theory using a unique race-level data set from NASCAR. Most of the previous tests of tournament theory using NASCAR … data for 1,114 races over the period 1975-2009. Our results support the predictions of tournament theory: the larger the …