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Time to Unbridle U.S. Thoroughbred Racetracks? Lessons from Australian Bookies

Moul, Charles; Keller, Joseph - In: Review of Industrial Organization 44 (2014) 3, pp. 211-239

We consider a policy reform that would relax price controls in American pari-mutuel wagering on horse racing by examining bookie behavior in Australia’s fixed-odds gambling sector. Descriptive regressions indicate that bookmaker takeouts (the effective prices of races) vary substantially and...

Persistent link: https://www.econbiz.de/10010988277

Does society underestimate women? Evidence from the performance of female jockeys in horse racing

Brown, Alasdair; Yang, Fuyu - In: Journal of Economic Behavior & Organization 111 (2015) C, pp. 106-118

Women are under-represented in many top jobs. We investigate whether biased beliefs about female ability – a form of ‘mistake-based discrimination’ – are partially responsible for this under-representation. We use more than 10 years of data on the performance of female jockeys in U.K....

Persistent link: https://www.econbiz.de/10011208882

Does International Simulcast Wagering Reduce Live Handle at Canadian Racetracks

Humphreys, Brad; Soebbing, Brian - In: Journal of Gambling Business and Economics 6 (2012) 3, pp. 47-62

Consumer interest in horse racing has declined significantly in North America. In an attempt to reverse this decline, additional gambling opportunities, including simulcast betting, have been added at race tracks. This paper investigates the impact of simulcast betting on live racing handle at...

Persistent link: https://www.econbiz.de/10010801239

Recreational versus professional bettors: Performance differences and efficiency implications

Bruce, A.C.; Johnson, J.E.V.; Peirson, J. - In: Economics Letters 114 (2012) 2, pp. 172-174

Using a novel dataset, which allows comparisons across heterogeneous sub-groups of pari-mutuel bettors, we demonstrate significant behaviour and performance distinctions between recreational and professional investors. Professionals’ ability to earn abnormal returns on short odds horses in...

Persistent link: https://www.econbiz.de/10010576479

Wyścigi konne jako element gospodarki światowej

Wincewicz-Bosy, Marta - In: Problems of World Agriculture / Problemy Rolnictwa … 11 (2011) 26

This article presents horse racing as a part of the world economy, forming a specific system of entities, including international organizations, state institutions and subcontractors. It generates various types of relationships and flows, with an increasing level of internationalization. It...

Persistent link: https://www.econbiz.de/10011125573

Simulation Analysis for Choice of Binary Lotteries

Nishizaki, Ichiro; Hayashida, Tomohiro - In: Computational Economics 41 (2013) 2, pp. 195-211

lottery ticket procedure in laboratory experiments. Copyright Springer Science+Business Media New York 2013 …

Persistent link: https://www.econbiz.de/10010989254

Miserable Migrants? Natural Experiment Evidence on International Migration and Objective and Subjective Well-Being

Stillman, Steven; Gibson, John; McKenzie, David; … - Institute for the Study of Labor (IZA) - 2012

migration lottery in order to experimentally estimate the impact of migration on objective and subjective well-being. The …

Persistent link: https://www.econbiz.de/10010990934

Sad-Loser contests

Matros, Alexander - In: Journal of Mathematical Economics 48 (2012) 3, pp. 155-162

We consider asymmetric winner-reimbursed contests. It turns out that such contests (Sad-Loser) have multiple internal pure-strategy equilibria (where at least two players are active). We describe all equilibria and discuss their properties. In particular, we find (1) that an active player is...

Persistent link: https://www.econbiz.de/10010875281

All-Pay Auctions vs. Lotteries as Provisional Fixed-Prize Fundraising Mechanisms

Duffy, John; Matros, Alexander - Department of Economics, University of Pittsburgh - 2011

We study two provisional fixed-prize mechanisms for funding public goods: an all-pay auction and a lottery. In our …-pay auction mechanism generates zero public good provision, while the provisional fixed prize lottery mechanism generates positive … marginal per capita return (mpcr) on the public good and the mechanism for awarding the prize, either a lottery or an all …

Persistent link: https://www.econbiz.de/10010878537

Is there a pessimistic bias in individual beliefs ? Evidence from survey data

Napp, Clotilde; Jouini, Elyès; Ben Mansour, Selima - Université Paris-Dauphine (Paris IX) - 2006

, in a lottery or more generally in an investment opportunities framework. For this purpose, we design a field survey on a …

Persistent link: https://www.econbiz.de/10010905260

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