In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a statistical life. Although our empirical results are obtained in the context of a study of choices about road safety, we suspect that the same issues plague the estimation of...

Unter der Annahme eines prinzipiell seinen Nutzen zu maximieren versuchenden den homo socio-oeconomicus sollten entsprechende Motive aus der Vielzahl theoretisch denkbarer Motive zu ehrenamtlichem Engagement dominant sein. Da diese Motive jedoch im Gegensatz zu altruistischen sozial...

Many tournaments are plagued by sabotage among competitors. Typically, sabotage is welfare-reducing, but from an individual's perspective an attractive alternative to exerting positive effort. Yet, given its illegal and often immoral nature, sabotage is typically hidden, making it difficult to...

The paper presents an economic model of interaction between cricket boards, players and international club-line games sponsors like ICL or IPL. It attempts to capture the inherent conflict between such games and country-line games traditionally organized by cricket boards. It identifies the...

By means of an event study of stock market reactions to the announcement of the Olympic Games host cities, we find a significant and positive announcement effect of hosting the Summer Games, with a cumulative abnormal return of about 2% within a few days. We do not find any significant results...

The paper presents an economic model of interaction between cricket boards, players and international club-line games sponsors like ICL or IPL. It attempts to capture the inherent conflict between such games and country-line games traditionally organized by cricket boards. It identifies the...

Kürzlich haben die Ministerpräsidenten der Länder beschlossen, im Rahmen der vierten Novellierung des Rundfunkstaatsvertrages eine Grundversorung bei der Übertragung großer Sportveranstaltungen im freien Fernsehen sicherzustellen. Sind staatliche Eingriffe in diesem Bereich aus...

This paper examines the mechanisms by which a World Champion is chosen in the For-mula One Championship. Furthermore it is analysed whether there is a best method to do this. For this purpose we will discuss the methods used by the Fédération Internationale de l'Automobile (FIA) since the...