We conduct an innovative analysis of sporting world records by a) using economic instead of sporting determinants and b) by using multivariate stochastic frontier functions. Using data from 48 different disciplines between 1970 and 2014, we show that world records are close to full efficiency...

In empirischen Analysen werden Testergebnisse häufig tabellarisch als statistisch signifikante oder insignifikante Resultate ausgewiesen. Der vorliegende Beitrag beschäftigt sich mit der sachgerechten Interpretation der insignifikanten Resultate und der Analyse möglicher Ursachen. Als...

The so-called McLaren Report disclosed the Russian state-subsidized doping and systematic concealment of positive doping samples, up to and including the 2014 Winter Olympics in Sochi, Russia. As a result, the International Olympic Committee (IOC) and international sports federations excluded a...

We investigate whether soccer players collect their fifth yellow card and their suspension by choice. Using data for the German Bundesliga for the seasons 13/14 to 16/17, we show that the quality of the player's own team, the quality of the teams participating in the next matches, and whether a...

Using the case of the new stadiums for the FIFA World Cup 2006 in Germany, this paper is the first multivariate work that examines the potential income and employment effects of new stadiums outside of the USA. This study is also the first work on this topic that conducts tests on the basis of a...

One of the most important social effects of the 2006 football World Cup was the feel-good effect. The present contribution is one of the first to deal with the development of a general theory for the management of feel-good effects and systematically analyses the influencing factors taking the...

This paper analyses how German tourists react to unanticipated shocks that alter their risk perception of selected tourism destinations. Using a difference-in-difference strategy which flexibly accounts for macroeconomic conditions and also addresses potential problems of serial correlation, we...

We estimate the economic effects of the 1996 Atlanta Olympic Games. Our difference in difference model checks for serial correlation and allows for a simultaneous test of level and trend effects, but otherwise follows HOTCHKISS, MOORE, & ZOBAY (2003) in this journal. We were not able to...