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Tipping is a phenomenon that has been studied for many years, but is receiving increased attention in recent years. The magnitude of tips is very large – in the US, for example, tips in the food industry alone amount to about $42 billion each year, and tips are given in many other...
Persistent link: https://www.econbiz.de/10005836455
This paper presents a new method of calculating match importance (a common variable in sports attendance demand studies) using Monte Carlo simulation. Using betting odds and actual results of 12 seasons of English Premier League, it is shown that the presented method is based on realistic...
Persistent link: https://www.econbiz.de/10011257817
This study aims at estimating and comparing the determinants of expenditure behaviour of visitors in two types of museums. An ad-hoc survey was conducted between June and September 2011 among the visitors of the principal museums of the two provinces of Bolzano and Trento: the South Tyrol Museum...
Persistent link: https://www.econbiz.de/10011260207
Tipping is a multi-billion dollar phenomenon and a major source of income for millions of workers. The results of a study conducted in the US and Israel suggest that people tip mainly to show gratitude, conform to the social norm, and because they know that waiters' income depends on tips....
Persistent link: https://www.econbiz.de/10008623465
The National Basketball Association claims to sell entertainment. Part of that entertainment is close, competitive contests with uncertain outcomes. However, hometown fans want the home team to win. Hence, the optimal probability that the home team wins a game, from the perspective of maximizing...
Persistent link: https://www.econbiz.de/10008685489
This research develops a model of optimal locations for Major League Soccer teams and investigates the important underlying factors.
Persistent link: https://www.econbiz.de/10008685490
treatment of travel costs as bundled costs by golf course patrons, especially those classified as tourists. Managers should …
Persistent link: https://www.econbiz.de/10008685493
Identifying and evaluating competitors is a critical aspect of operating a sport organisation. However, North American sports franchises have a limited understanding of competitors in their geographic market – particularly when calculating the degree of competition from other sport teams....
Persistent link: https://www.econbiz.de/10008685501
The purpose of this study was to examine the effects of roster turnover on demand in the National Basketball Association (NBA) over a five-year period (2000-2005) and compare these results to previous research on turnover in Major League Baseball (MLB). A censored regression equation was...
Persistent link: https://www.econbiz.de/10008685518
During the past decade there has been a proliferation of sports stadia being built in America’s municipal districts. While it used to be common for the public to fully fund stadium construction projects, over the past twenty years factors such as political motives, tax reform and increased...
Persistent link: https://www.econbiz.de/10008685530