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We examine the relationship between game day attendance, uncertainty of outcome, and team and facility quality in the … National Football League. Based on results from a reduced form model of game day attendance at 5,495 regular season NFL games … from the 1985-2008 seasons, we find weak evidence that attendance increases when fans expect the home team to win by a …
Persistent link: https://www.econbiz.de/10010615285
We investigate the possibility that new facilities affect attendance - the "novelty effect" - in professional baseball …, basketball, and football from 1969-2001 by estimating the parameters of a reduced form attendance model. Our results indicate a … team 163,436 over the first five seasons. This increase in attendance also suggests a corresponding increase in revenues …
Persistent link: https://www.econbiz.de/10005760669
The predictions that emerge from tournament theory have been tested in a number of sports-related settings. Since sporting events involving individuals (golf, tennis, running, auto racing) feature rank order tournaments with relatively large payoffs and easily observable outcomes, sports is a...
Persistent link: https://www.econbiz.de/10013199614
Economic models predict that “superstar” players generate externalities that increase attendance and other revenue … game attendance at National Basketball Association games from 1981/82 through 2013/14. Regression models control for … show higher home and away attendance associated with superstar players. Michael Jordan generated the largest superstar …
Persistent link: https://www.econbiz.de/10012951796
Professional sports facilities and teams generate local amenity flows in cities that may affect property values. Previous research shows evidence of important positive and negative local amenity flows based on case studies of changes in residential property values in specific cities. We analyze...
Persistent link: https://www.econbiz.de/10012910617
The United States employs an ad hoc, unconventional method of regulating sports betting, banning it almost everywhere while granting a monopoly to firms in a single state, Nevada. This approach encourages illegal sports betting markets, ignores negative externalities, and generates welfare...
Persistent link: https://www.econbiz.de/10012943130
The classical Uncertainty of Outcome Hypothesis (UOH) informs economists' understanding consumer decisions to attend sporting events and models of team revenue generation. Coates, Humphreys and Zhou (2014) developed a reference dependent preference based consumer choice model under uncertainty...
Persistent link: https://www.econbiz.de/10012976940
Mixed evidence exists on the relationship between arrest and labor market outcomes such as employment and earnings. We analyze the effect of arrest on earnings in a sample of National Football League players who were arrested between 2000 and 2009. We use propensity score matching to construct a...
Persistent link: https://www.econbiz.de/10013002786
The predictions that emerge from tournament theory have been tested in a number of sports-related settings. Since sporting events involving individuals (golf, tennis, running, auto racing) feature rank order tournaments with relatively large payoffs and easily observable outcomes, sports is a...
Persistent link: https://www.econbiz.de/10012132466
Fifty years on we examine two key propositions in Neale's (1964) "Peculiar Economics": the need for competitors in sport to have opponents of similar ability in order to earn large revenues and the effect of frequent changes sports leagues' standings on consumer demand. We develop a consumer...
Persistent link: https://www.econbiz.de/10010885941