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The National Basketball Association claims to sell entertainment. Part of that entertainment is close, competitive contests with uncertain outcomes. However, hometown fans want the home team to win. Hence, the optimal probability that the home team wins a game, from the perspective of maximizing...
Persistent link: https://www.econbiz.de/10005577344
This research develops a model of optimal locations for Major League Soccer teams and investigates the important underlying factors.
Persistent link: https://www.econbiz.de/10015223587
attendance, while controlling for other potentially confounding variables in the model. The censored regression model was used to … observations. The regression model was found to be significant with a log-likelihood statistic of 113.631. Previous attendance … history were found to be significant predictors of attendance. However, the variables measuring the effects of roster turnover …
Persistent link: https://www.econbiz.de/10005427009
During the past decade there has been a proliferation of sports stadia being built in America’s municipal districts. While it used to be common for the public to fully fund stadium construction projects, over the past 20 years factors such as political motives, tax reform, and increased public...
Persistent link: https://www.econbiz.de/10005398683
To attract golf patrons, sport managers must understand consumption patterns of the golfer. Importantly, the treatment of travel costs must be understood. According to the Alchian-Allen (1964) theorem, golfers treat travel costs as bundled costs (third law of economic demand) whereas classical...
Persistent link: https://www.econbiz.de/10005577346
In late 2011, at a time when other leagues such as the National Football League and the National Basketball Association had engaged in work stoppages, Major League Baseball owners and the MLB Players Association harmoniously agreed on a new five-year collective bargaining agreement. This article...
Persistent link: https://www.econbiz.de/10010561289
This research develops a model of optimal locations for Major League Soccer teams and investigates the important underlying factors.
Persistent link: https://www.econbiz.de/10008685490
Owner Daniel Snyder has remained steadfast in his commitment to retain the “Redskins” moniker and logo. Although he continually cites tradition as the motive, the results of this study reveal that his refusal to change the name may, in fact, be related primarily or solely to money – as...
Persistent link: https://www.econbiz.de/10013137197
franchise after each simulated year, including attendance, winning percentage, revenues vs. expenses, revenue sharing, and …
Persistent link: https://www.econbiz.de/10013069165
Unlike most businesses or cartels, firms in a sports league need viable competitors. While a certain amount of domination is optimal, from an individual owner's perspective, too much will result in league dissolution, and thus a lower utility for every owner. Hence, there is a limited positive...
Persistent link: https://www.econbiz.de/10014062034