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overcome these difficulties by studying European football (soccer) clubs during 1990-2020. Detailed microdata from this setting …
Persistent link: https://www.econbiz.de/10012696355
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/10012463303
the decision making of National Football League teams during their annual player draft. This is a domain in which …
Persistent link: https://www.econbiz.de/10012467415
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/10012467575
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/10012470344
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/10012461029
To understand leadership, it is necessary to understand the purpose of an organization. Organizations are hierarchies with leaders at the top. Why do we have leaders instead of an algorithm making decisions? The theory of the firm recognizes benefits to centralizing authority but these...
Persistent link: https://www.econbiz.de/10012585411
Recent models and empirical work on network formation emphasize the importance of propinquity in producing strong interpersonal connections. Yet, one might wonder how deep such insights run, as thus far empirical results rely on survey and lab-based evidence. In this study, we examine...
Persistent link: https://www.econbiz.de/10013477279
We study human capital reallocation following firm-specific idiosyncratic shocks. Theory offers diverging predictions as to whether human capital gets reallocated to its most productive use following these shocks. To empirically test these predictions, we focus on relegation battles in the...
Persistent link: https://www.econbiz.de/10012938751
Individuals who engage in "judging" - that is, rendering a determination in a dispute or contest between two parties - might be influenced by public pressure to favor one of the parties. Many rules and arrangements seek to insulate such individuals from public pressure or to address the effects...
Persistent link: https://www.econbiz.de/10012585378