One of Rottenberg's (1956, The baseball players' labor market. Journal of Political Economy, 64, 242-258) foundational sports economics hypotheses is that fans prefer their team to win but with more match outcome uncertainty (MOU) rather than less. The testable implication is that increase in...

This paper is intended to introduce a variety of stochastic frontier econometric models to applied economists working in the field of sports economics. First, it discusses the characteristics and assumptions of individual stochastic frontier models that should be used in empirical studies. For...

This paper applies a stochastic frontier production model to the data from Penn World Table’s 49 countries over the period 1965-1990, to decompose total factor productivity growth into technical change and technical efficiency change. Empirical results show East Asian countries led the...

Korean Abstract: 남북한 분단 이후 남북한 경제적 격차가 매우 큰 상황에서 남북한 경제체제를 통합하는 것은 경제 분야는 물론 정치, 사회, 문화 분야에서 다양한 문제를 유발하고 그 과정에서 극심한 혼란을 야기할 가능성이...

Theories of rational addiction posit that certain habit-forming goods - characterized by an increasing marginal utility of consumption - generate predictable dynamic patterns of consumer behavior. It has been suggested that attendance at sporting events represents an example of such a good, as...

The problem addressed in this paper is how to ensure data privacy concerns when data is shared between multiple organisations. In domains such as healthcare, there is a need to share privacy-sensitive data among autonomous but cooperating organisations. However, security concerns and compliance...

Exploiting a unique empirical setting, 1,000 vendors in 90 traditional food markets in Lima, we document that historic social ties among market founders are associated, decades later, with stricter formal (third party) enforcement of market rules, more collective action, and the greater...