Similar Search Results

Mozart or Pelé? The effects of teenagers’ participation in music and sports

Cabane, Charlotte; Hille, Adrian; Lechner, Michael - C.E.P.R. Discussion Papers - 2015

’ leisure time on playing music or doing sports, or both. We find that while playing music fosters educational outcomes compared … to doing sports, particularly so for girls and children from more highly educated families, doing sports improves …

Persistent link: https://www.econbiz.de/10011272715

Do Fans Care about Compliance to Doping Regulations in Sports? The Impact of PED Suspension in Baseball

Cisyk, Jeffrey; Courty, Pascal - C.E.P.R. Discussion Papers - 2015

There is little evidence in support of the main economic rationale for regulating athletic doping: that doping reduces fan interest. The introduction of random testing for performance-enhancing drugs (PED) by Major League Baseball (MLB) offers unique data to investigate the issue. The...

Persistent link: https://www.econbiz.de/10011249378

Long-run Labour Market Effects of Individual Sports Activities

Lechner, Michael - C.E.P.R. Discussion Papers - 2008

This microeconometric study analyzes the effects of individual leisure sports participation on long-term labour market … their own level of sports activities are tackled by combining informative data and flexible semiparametric estimation … methods with a specific way to use the panel dimension of the data. The paper shows that sports activities have sizeable …

Persistent link: https://www.econbiz.de/10005662093

The Olympic Effect

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009

Economists are skeptical about the economic benefits of hosting "mega-events" such as the Olympic Games or the World Cup, since such activities have considerable cost and seem to yield few tangible benefits. These doubts are rarely shared by policy-makers and the population, who are typically...

Persistent link: https://www.econbiz.de/10005788959

Gender Differences in Performance in Competitive Environments: Evidence from Professional Tennis Players

Paserman, M. Daniele - C.E.P.R. Discussion Papers - 2007

This paper uses data from nine tennis Grand Slam tournaments played between 2005 and 2007 to assess whether men and women respond differently to competitive pressure in a setting with large monetary rewards. In particular, it asks whether the quality of the game deteriorates as the stakes become...

Persistent link: https://www.econbiz.de/10005791507

Optimal Determination of Bookmakers' Betting Odds: Theory and Tests

Fingleton, John; Waldron, Patrick - C.E.P.R. Discussion Papers - 1997

This paper develops a theoretical model of how bookmakers’ odds are determined, given varying levels of inside information on the part of punters. Bookmakers’ attitudes towards risk and the degree of competition between them will influence bookmaker behaviour. Using a data set of 1696 races...

Persistent link: https://www.econbiz.de/10005792029

Manipulations in Contests

Cohen, Chen; Sela, Aner - C.E.P.R. Discussion Papers - 2004

We study the classical Tullock's model of one-stage contests where the probability of winning is a function of the efforts exerted by the contestants. We show that by a simple non-discriminating rule the contest designer is able to manipulate the outcome of the contest such that the...

Persistent link: https://www.econbiz.de/10005792334

Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?

Snowberg, Erik; Wolfers, Justin - C.E.P.R. Discussion Papers - 2010

The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning—longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...

Persistent link: https://www.econbiz.de/10008468517

A Consistent Weighted Ranking Scheme with an Application to NCAA College Football Rankings

Fainmesser, Itay; Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2005

sports world, depends on four parameters (winning vs. losing and the relative importance of home vs. away games). In most …

Persistent link: https://www.econbiz.de/10005123674

Intermediaries as Bundlers, Traders and Quality Assessors: The Case of UK Tour Operators

Clerides, Sofronis; Nearchou, Paris; Pashardes, Panos - C.E.P.R. Discussion Papers - 2005

We study the intermediary role of tour operators in the market for package tourism. Intermediaries often arise in order to facilitate trade in markets characterized by asymmetric information. In the travel industry policy-makers have tried to address information asymmetries by providing hotel...

Persistent link: https://www.econbiz.de/10005124410