Transaction costs in trading involve both risk and return. The return is associated with the cost of immediate … execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between … risk and return in optimal execution should reflect the same risk preferences as in ordinary investment. The paper develops …

evaluation model. Our findings suggest that executive compensation contracts incorporate the benefits of risk-sharing but do not …

errors … regimes serves to reinforce them. As expected, VAR reduces the number of referee errors, but the pattern of no bias with … respect to errors is preserved. VAR has no effect on the number of yellow cards, or on the number of goals …

overcome these difficulties by studying European football (soccer) clubs during 1990-2020. Detailed microdata from this setting … mechanism: national diversity has a positive relationship with club performance only when the club employs an immigrant manager … (coach). The presence of an immigrant manager also strengthens the positive relationship between the number of immigrant …

This paper analyzes the effects of top earnings tax rates on the international migration of football players in Europe …. We construct a panel dataset of top earnings tax rates, football player careers, and club performances in the first … number of tax and institutional changes: (a) the 1995 Bosman ruling which liberalized the European football market, (b) top …

using data on police reports of family violence on Sundays during the professional football season. Controlling for location …

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 …

natural experiment offered by the presence of thousands of international soccer (football) players in the European …