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National Association for Stock Car Auto Racing’s (NASCAR) monetary reward structure uses a linear payout for races, with a nonlinear payout for the season long tournament. The authors suggest that the season long nonlinear payout is magnified by taking into consideration the value of...
Persistent link: https://www.econbiz.de/10009372089
Corporate sponsorship plays an important role in the entertainment business. The question becomes: what influences the value of a sponsorship contract? Empirical analysis of this question is relatively limited because of a lack of complete data on contract values. This is especially true in...
Persistent link: https://www.econbiz.de/10009293339
NASCAR’s reward structure for rank order tournaments has been considered the exception to the rule in tournament theory due to the linear payout structure. We suggest that the rewards for drivers are nonlinear when you take into consideration the value of sponsorship time on camera and sponsor...
Persistent link: https://www.econbiz.de/10005016205
Comparing talent across time is difficult as productivity changes. To compare talent across time we utilize Major League baseball data from 1871-2010 and time series techniques to determine if the mean and standard deviation of five performance measures are stationary and if structural breaks...
Persistent link: https://www.econbiz.de/10010907224
This document provides additional information about the data used in the study “Family Connections in Motorsports: The Case of Formula One,” and contains robustness checks on the main results, focusing on whether particular periods of Formula One racing are overly influential
Persistent link: https://www.econbiz.de/10012912133
Often sports leagues, organizing committees, and team owners justify the use of public funds used to build sports stadiums by the perceived economic impacts and civic pride generated by the team or mega event. Since the 1980s, there have been many economic studies looking at the economic impact...
Persistent link: https://www.econbiz.de/10013006614
To search for eras in a sports league, we utilize time series tests with structural breaks to identify eras in Major League Baseball performance. Using data from 1871-2010, the mean and standard deviation of four different performance measures are examined to test if deterministic or stochastic...
Persistent link: https://www.econbiz.de/10013007338
Many count statistics are used to measure the productivity of hitters in Major League Baseball, such as the number of home runs and the number of runs batted in a season. However, comparing the talent of individual players across time is difficult as rules and technologies change. In this paper,...
Persistent link: https://www.econbiz.de/10012985350
Persistent link: https://www.econbiz.de/10009333531
When corporate sponsors want to maximize their exposure, they often focus sponsorship dollars on events, teams, and athletes that will prove to be reliable, respectable, and, most important, repetitive advertising outlets. Analyzing the factors that increase a broadcaster's propensity to display...
Persistent link: https://www.econbiz.de/10013067680