Showing 1 - 10 of 18
Rugby union only went professional in 1995, much later than other major team sports. League structures and arrangements regarding revenue sharing and salary caps differ between the three main European leagues. We consider the impact of these differences on competitive balance. In addition,...
Persistent link: https://www.econbiz.de/10009319030
The paper presents results from two natural experiments on the impact of revenue sharing and salary caps on competitive balance in sports leagues arising from the introduction of professionalism in Rugby Union in 1995. The first involves the English Premiership, which traditionally applied a...
Persistent link: https://www.econbiz.de/10011142293
The economic literature on professional sports leagues suggests supporters’ utility depends on uncertainty of outcome (competitive balance) and the quality of play. Unlike soccer, where the Champions League is dominated by teams from larger countries, our analysis indicates that the ERC...
Persistent link: https://www.econbiz.de/10010583119
The paper analyses the impact of the relatively belated move to professionalism in Rugby Union. We use data on match attendance for 3,667 fixtures in European club Rugby over 15 seasons to estimate the effect of competitive balance on attendance. We find that (short- and medium-term) competitive...
Persistent link: https://www.econbiz.de/10010579021
Using data from 1,226 matches played over 18 seasons, we analyse match attendances in the group stages of the European Rugby Cup (ERC). We find that short-run (match) uncertainty had little effect on attendances. This finding is significant as the ERC has been replaced by a new competition which...
Persistent link: https://www.econbiz.de/10010894755
Ball and Moffitt (2001) present a theory implying that the gap between productivity and wage aspirations can shift the traditional Phillips Curve. We examine their theory within the OECD. The results show that there is no clear cross country evidence for the theory. Although Ball and Moffitt’s...
Persistent link: https://www.econbiz.de/10005787419
We examine the ability of the Expansionary Fiscal Contraction (EFC) hypothesis to explain the performance of of OECD economies during times of crisis. We find some limited evidence in its favour - if public consumption is reduced in response to a fiscal crisis (as defned by a high level of...
Persistent link: https://www.econbiz.de/10005490148
We examine the usefulness of the Expansionary Fiscal Contrac- tion hypothesis in explaining the performance of the Irish and Danish economies. We find some evidence in favour of a weak version of the EFC hypotheisis - If the budget deficit is reduced in response to a fis- cal crisis, consumption...
Persistent link: https://www.econbiz.de/10005490156
Low rates of inflation have been recorded in the United States in recent years despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy leading to a lower NAIRU. The paper suggests...
Persistent link: https://www.econbiz.de/10005490164
The standard public finance analysis of the welfare cost of labour income taxation is based on the estimation of labour supply functions that treat unemployed individuals as non-participants. This paper applies econometric models of multinomial discrete choice to the labour market, explicitly...
Persistent link: https://www.econbiz.de/10005490167