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tournament theory using a unique race-level data set from NASCAR. Most previous tests of tournament theory using NASCAR data used … either season level data or race level data from a few seasons. Our empirical work uses race and driver level NASCAR data for …
Persistent link: https://www.econbiz.de/10013199614
tournament theory using a unique race-level data set from NASCAR. Most of the previous tests of tournament theory using NASCAR … data have used either season level data or race level data from a few seasons. Our empirical work uses race level NASCAR …
Persistent link: https://www.econbiz.de/10009291918
Persistent link: https://www.econbiz.de/10009501346
Recent allegations from participants of the FIA Formula One World Championship (F1) suggest that the promoter of F1 (possibly together with the sports association) violates European competition law in two ways. First, it allegedly abuses its market power by deducting an inappropriate high share...
Persistent link: https://www.econbiz.de/10011492229
The Formula One Championship (F1) is one of the biggest sports businesses in the world. But, however, it seems to astonish that only very few scholarly articles analyze the F1 business. The aim of this study is to contribute to closing two gaps in the existing literature: it contributes (1) to...
Persistent link: https://www.econbiz.de/10012890117
Using data from the 2007, 2008, and 2009 NASCAR seasons, this paper shows that the uncertainty of outcome hypothesis … wisdom expressed during the declining attendance and ratings of the 2009 season. We also find that NASCAR broadcasts lose … size during the NASCAR season were not unique to 2009, again contradicting conventional wisdom. Overall, the empirical …
Persistent link: https://www.econbiz.de/10013146756
The Formula One Championship (F1) is one of the biggest sports businesses in the world. But, however, it seems to astonish that only very few scholarly articles analyze the F1 business. The aim of this study is to contribute to closing two gaps in the existing literature: it contributes (1) to...
Persistent link: https://www.econbiz.de/10011990677
Practices and conducts in professional and even amateur sports can be subject to competition laws as soon as commercial activities are involved. From an economic perspective, this implies that both directly commercial activities like the sale of broadcasting/media rights and indirectly...
Persistent link: https://www.econbiz.de/10011750292
This paper provides an economic explanation of the frequent rule changes in the Formula One (F1) motor racing series. In a two-stage model, the FIA (as the organizer of the F1) first decides whether to change the rules or not, and then the racing teams compete in a contest. It turns out that a...
Persistent link: https://www.econbiz.de/10010464322
Persistent link: https://www.econbiz.de/10010417274