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In this paper we construct and estimate a model for match attendances in English one-day, limited-overs league cricket. Our dataset separates 'pay at gate' spectators from club members, enabling us to distinguish between the attendance decisions of casual spectators and those of the,...
Persistent link: https://www.econbiz.de/10005505826
Many economic outcomes appear to be influenced by habit or commitment, giving rise to persistence. In cases where the decision is binary and persistent, the aggregation of individual time series can result in a fractionally integrated process for the aggregate data. Certain television programmes...
Persistent link: https://www.econbiz.de/10005471097
A significant body of theoretical literature has argued that popular interest in sporting contests between teams is heavily influenced by how difficult it is to predict the result <italic>ex-ante</italic>. Empirical research has, however, been unable to reach a consensus on the magnitude of uncertainty of...
Persistent link: https://www.econbiz.de/10010971240
Most studies of both pari-mutuel and fixed-odds betting markets have shown a systematic tendency for the expected return to bets at lower odds to exceed those at higher odds. Some work, however, has revealed in certain markets the absence or even reversal of this bias. We present a model which...
Persistent link: https://www.econbiz.de/10009227247
This paper investigates claims that firm-specific effects in advertising-sales models can be attributed to a positive correlation between advertising and product quality. Using a standard Koyck transformation on an unbalanced panel dataset of UK firms, the implied long-lasting effects of...
Persistent link: https://www.econbiz.de/10009227781
Wages in industrialized countries have risen considerably during the last 50 years, whereas hours worked, for manual workers at least, have decreased only marginally. In Europe, one policy response has been to attempt to protect workers from pressure to work long hours by placing legal...
Persistent link: https://www.econbiz.de/10005505552