Prior to the ABA coming into existence in 1967, the NBA enjoyed a monopsony in the market for professional basketball talent in the United States. One would predict that a monopsony would be able to exploit the talent employed. The arrival of the ABA, though, theoretically should have...

Whether one looks at revenue, public and private investment, or media coverage; men's sports consistently do better than women's sports. Many people argue that these differences are driven by absolute differences in the quality of athletes in men's and women's sports. We begin by noting that...

This paper uses 2005-2019 data from the Chinese Basketball Association to assess the determinants of playing time with a focus on the effects of players’ national origin. Playing time is explained by an array of standard performance variables as well as each player’s characteristics (such as...

In this paper,we consider whether underpaying players restricted by the reserve clause is a common practice in the three largest sports leagues in North America—the NFL, NBA, and MLB. Our results are consistent with the hypothesis that owners of professional sports teams do exercise monopsony...

Measurement in financial accounting often requires determining an interest rate to discount future cash flows. One example is the International Accounting Standard (IAS)36 Impairment of assets. IAS 36´s impairment test requires determining a value in use (a present value). The Appendix A to the...

We introduce a simple game-theoretical model that captures the main aspects of the repeated interaction between an issuer and a credit-rating agency. It involves up-front payments of issuer-fees and direct publication of requested ratings. Due to pecuniary injuries for untruthful ratings, the...