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Economists are skeptical about the economic benefits of hosting quot;mega-eventsquot; such as the Olympic Games or the World Cup, since such activities have considerable cost and seem to yield few tangible benefits. These doubts are rarely shared by policy-makers and the population, who are...
Persistent link: https://www.econbiz.de/10012757590
using data on police reports of family violence on Sundays during the professional football season. Controlling for location …
Persistent link: https://www.econbiz.de/10013154568
This paper provides a study on conflicts of interest among college football coaches participating in the USA Today … percent of a coach's football budget, coaches respond with more favorable rankings of half a position, and this effect is more …
Persistent link: https://www.econbiz.de/10013118120
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/10013224414
This paper provides empirical evidence of favoritism by agents, where that favoritism is generated by social pressure. To do so, we explore the behavior of professional soccer referees. Referees have discretion over the addition of extra time at the end of a soccer game (called injury time), to...
Persistent link: https://www.econbiz.de/10013226985
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/10013228753
This paper examines a model in which advertisers bid for "sponsored-link" positions on a search engine. The value advertisers derive from each position is endogenized as coming from sales to a population of consumers who make rational inferences about firm qualities and search optimally....
Persistent link: https://www.econbiz.de/10013151363
How can charities solicit high-capacity donors to provide the funds for matching grants and leadership gifts? In conjunction with one of Texas A&M University's fundraising organizations, we conducted a field experiment to study whether high-income donors respond to non-personal solicitations, as...
Persistent link: https://www.econbiz.de/10012907450
We develop a dynamic portfolio-choice model with illiquid alternative assets to analyze conditions under which the “Endowment Model,” used by some large institutional investors such as university endowments, does or does not work. The alternative asset has a lock-up, but can be voluntarily...
Persistent link: https://www.econbiz.de/10012892568
of public and private sponsorship, and explain why this makes sense in some circumstances …
Persistent link: https://www.econbiz.de/10013218398