Showing 1 - 10 of 8,586
This paper analyzes the dynamics of prices in two online secondary markets for Major League Baseball tickets. Controlling for ticket quality, prices tend to decline significantly as a game approaches. The paper describes and tests alternative theoretical explanations for why this happens in...
Persistent link: https://www.econbiz.de/10012464142
rents flow to women's sports and other men's sports and lead to increased spending on facilities, coaches' salaries, and … other athletic department personnel. Using complete roster data for every student-athlete playing sports at these schools in … collective bargaining agreements in professional sports leagues as a benchmark. We also discuss how our results help understand …
Persistent link: https://www.econbiz.de/10012481282
Game theory makes strong predictions about how individuals should behave in two player, zero sum games. When players … 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
We explore umpires' racial/ethnic preferences in the evaluation of Major League Baseball pitchers. Controlling for umpire, pitcher, batter and catcher fixed effects and many other factors, strikes are more likely to be called if the umpire and pitcher match race/ethnicity. This effect only...
Persistent link: https://www.econbiz.de/10012465037
The NBA provides an intriguing place to test for taste-based discrimination: referees and players are involved in repeated interactions in a high-pressure setting with referees making the type of split-second decisions that might allow implicit racial biases to manifest themselves. Moreover, the...
Persistent link: https://www.econbiz.de/10012465447
allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect … attention. There is no such dynamic interdependence after breaks during the game (at the end of each inning) suggesting that …
Persistent link: https://www.econbiz.de/10012585406
When organizational structures and contractual arrangements face agents with a significant risk of termination in the short term, such agents may under-invest in projects whose results would be realized only in the long term. We use NBA data to study how risk of termination in the short term...
Persistent link: https://www.econbiz.de/10012453012
Despite the clear success of forecast combination in many economic environments, several important issues remain incompletely resolved. The issues relate to selection of the set of forecasts to combine, and whether some form of additional regularization (e.g., shrinkage) is desirable. Against...
Persistent link: https://www.econbiz.de/10012480620
Evidence of stock return predictability by financial ratios is still controversial, as documented by inconsistent results for in-sample and out-of-sample regressions and by substantial parameter instability. This paper shows that these seemingly incompatible results can be reconciled if the...
Persistent link: https://www.econbiz.de/10012466559
When a rate of return is regressed on a lagged stochastic regressor, such as a dividend yield, the regression … substantially from the standard regression setting. Bayesian posterior distributions for the regression parameters are obtained …
Persistent link: https://www.econbiz.de/10012471691