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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/10012481282

Equilibrium Price Dynamics in Perishable Goods Markets : The Case of Secondary Markets for Major League Baseball Tickets

Sweeting, Andrew - 2008

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

Optimal Dynamic R&D Programs

Grossman, Gene M. - 1985

We study the optimal pattern of outlays for a single firm pursuing an R&D program over time. In the deterministic case, (a) the amount of progress required to complete the project is known, and (b) the relationship between outlays and progress is known. In this case, it is optimal to increase...

Persistent link: https://www.econbiz.de/10012477422

A Conic Algorithm for the Group Minimization Problem

Simeone, Bruno - 1976

A new algorithm for the group minimization problem (GP) is proposed. The algorithm can be broadly described as follows. A suitable relaxation of(GP) is defined, in which any feasible point satisfies the group equation but may have negative components. The feasible points of the relaxation are...

Persistent link: https://www.econbiz.de/10012478970

Optimal Adaptive Control Methods for Structurally Varying Systems

Sarris, Alexander H. - 1973

The problem of simultaneously identifying and controlling a time-varying, perfectly-observed linear system is posed. The parameters are assumed to obey a Markov structure and are estimated with a Kalman filter. The problem can be solved conceptually by dynamic programming, but even with a...

Persistent link: https://www.econbiz.de/10012479101

Benchmarking Global Optimizers

Arnoud, Antoine - 2019

We benchmark seven global optimization algorithms by comparing their performance on challenging multidimensional test functions as well as a method of simulated moments estimation of a panel data model of earnings dynamics. Five of the algorithms are taken from the popular NLopt open-source...

Persistent link: https://www.econbiz.de/10012480284

Optimal Illiquidity

Beshears, John - 2020

We calculate the socially optimal level of illiquidity in an economy populated by households with taste shocks and present bias (Amador, Werning, and Angeletos 2006). The government chooses mandatory contributions to respective spending/savings accounts, each with a different pre-retirement...

Persistent link: https://www.econbiz.de/10012481314

Optimal Monetary and Fiscal Policy : A Linear Quadratic Approach

Benigno, Pierpaolo - 2003

We propose an integrated treatment of the problems of optimal monetary and fiscal policy, for an economy in which prices are sticky and the only available sources of government revenue are distorting taxes. Our linear-quadratic approach allows us to nest both conventional analyses of optimal...

Persistent link: https://www.econbiz.de/10012468792

A Model of the Optimal Complexity of Rules

Kaplow, Louis - 1992

Rules often are complex in order to distinguish different types of behavior that may have different consequences. Greater complexity thus allows better control of behavior. But individuals may need to incur costs ex ante to determine how more complex rules apply to their contemplated conduct....

Persistent link: https://www.econbiz.de/10012475023

A Dynamic Programming Model of Retirement Behavior

Rust, John - 1987

This paper formulates a model of retirement behavior based on the solution to a stochastic dynamic programming problem. The workers objective is to maximize expected discounted utility over his remaining lifetime. At each time period the worker chooses how much to consume and whether to work...

Persistent link: https://www.econbiz.de/10012476597

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