Humphreys, Brad R.; Frick, Bernd - In: Economies : open access journal 7 (2019) 4/102, pp. 1-13
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 previous tests of tournament theory using NASCAR data used … 1114 races over the period 1975-2009. Our results support the predictions of tournament theory: the larger the spread in …