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We study human capital reallocation following firm-specific idiosyncratic shocks. Theory offers diverging predictions as to whether human capital gets reallocated to its most productive use following these shocks. To empirically test these predictions, we focus on relegation battles in the...
Persistent link: https://www.econbiz.de/10012938751
Individuals who engage in "judging" - that is, rendering a determination in a dispute or contest between two parties - might be influenced by public pressure to favor one of the parties. Many rules and arrangements seek to insulate such individuals from public pressure or to address the effects...
Persistent link: https://www.econbiz.de/10012585378
To understand leadership, it is necessary to understand the purpose of an organization. Organizations are hierarchies with leaders at the top. Why do we have leaders instead of an algorithm making decisions? The theory of the firm recognizes benefits to centralizing authority but these...
Persistent link: https://www.econbiz.de/10012585411
overcome these difficulties by studying European football (soccer) clubs during 1990-2020. Detailed microdata from this setting …
Persistent link: https://www.econbiz.de/10012696355
This paper analyzes the effects of top earnings tax rates on the international migration of football players in Europe …. We construct a panel dataset of top earnings tax rates, football player careers, and club performances in the first … number of tax and institutional changes: (a) the 1995 Bosman ruling which liberalized the European football market, (b) top …
Persistent link: https://www.econbiz.de/10012462112
using data on police reports of family violence on Sundays during the professional football season. Controlling for location … effect on female-on-male violence. Consistent with the behavioral prediction that losses matter more than gains, upset …
Persistent link: https://www.econbiz.de/10012463152
pitch type in Major League Baseball and whether to run or pass in the National Football League. We observe more than three … million pitches in baseball and 125,000 play choices for football. We find systematic deviations from minimax play in both … data sets. Pitchers appear to throw too many fastballs; football teams pass less than they should. In both sports, there is …
Persistent link: https://www.econbiz.de/10012463303
natural experiment offered by the presence of thousands of international soccer (football) players in the European …
Persistent link: https://www.econbiz.de/10012464681
the decision making of National Football League teams during their annual player draft. This is a domain in which …
Persistent link: https://www.econbiz.de/10012467415
The theory of incomplete contracting is rival to that of complete contracting as a frame of reference to understand contractual relationships. Both approaches rest upon diametrically opposed postulates and lead to very different policy conclusions. From a theoretical viewpoint, scrutiny of the...
Persistent link: https://www.econbiz.de/10012467575