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Equilibrium Price Dynamics in Perishable Goods Markets : The Case of Secondary Markets for Major League Baseball Tickets
Sweeting, Andrew - 2010
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/10012758146
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Who Profits from Amateurism? Rent-Sharing in Modern College Sports
Garthwaite, Craig - 2020
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/10012824285
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Termination Risk and Agency Problems : Evidence from the NBA
Cohen, Alma - 2018
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/10012916619
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Racial Discrimination Among NBA Referees
Price, Joseph - 2010
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/10012759967
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Strike Three : Umpires' Demand for Discrimination
Parsons, Christopher A. - 2008
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/10012773154
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Professionals Do Not Play Minimax : Evidence from Major League Baseball and the National Football League
Kovash, Kenneth; Levitt, Steven D. - 2021
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/10013224414
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Predictive Regressions
Stambaugh, Robert F. - 2010
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/10012763765
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Machine Learning for Regularized Survey Forecast Combination : Partially-Egalitarian Lasso and its Derivatives
Diebold, Francis X. - 2018
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/10012911728
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The Benefits of College Athletic Success : An Application of the Propensity Score Design with Instrumental Variables
Anderson, Michael L. - 2012
Spending on big-time college athletics is often justified on the grounds that athletic success attracts students and raises donations. Testing this claim has proven difficult because success is not randomly assigned. We exploit data on bookmaker spreads to estimate the probability of winning...
Persistent link: https://www.econbiz.de/10013104397
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Predicting Volatility : Getting the Most Out of Return Data Sampled at Different Frequencies
Ghysels, Eric - 2012
We consider various MIDAS (Mixed Data Sampling) regression models to predict volatility. The models differ in the …
Persistent link: https://www.econbiz.de/10012755731