Two mechanical betting rules were applied to games in the National Football League for the 2000-2008 seasons. Wagers of $11 (to win $10) on all NFL underdogs produced a net loss of $717. When bets were limited to visiting underdogs, only $395 (or $44 per year) was lost. The results suggest that...

Football point spreads were designed to divide the betting public in half and turn transaction costs into risk-free returns for gambling operators. Invariably, one team will be better than its opponent and, in the absence of a point spread, would naturally be the bettors' choice. By awarding a...

The expanding legalization of sports betting will most assuredly swell the ranks of bettors nationwide and invariably attract some who would gamble less for financial gain than for entertainment value. While random betting can quickly end the fun for these "recreational bettors," we propose a...

We investigate the relation between seasoned equity issuers' stated intended use of proceeds and their subsequent long-run stock and operating performance. Stated intended uses of proceeds are: investment, recapitalization, and general corporate purposes. We find that issuers stating...

A contract establishes a mutual relationship between an authority and an operator. From the point of view of the authority, it is a tactical level mechanism to achieve the strategic objectives of government. Management of contractors translate the requirements of contracts into operational...

Adelaide's bus system has been transformed from a government monopoly operation to a competitively tendered system with services provided by private operators under contract. The [`]Adelaide model' has unique features, and has been considered in several international reviews of urban bus service...

This chapter presents a summary of the findings of the workshop on [`]Analytical and Institutional Methods and Frameworks'. The paper discusses the nature of the analytical methods used in the papers presented and the purposes for which they were employed, which were generally to either assist...

A key attribute of competitive tendering for the periodic selection of operators of subsidised public transport services is to secure the provision of specified services at efficient cost levels. This has proved particularly effective where services were previously provided by an inefficient...

Various models for competition and ownership of urban rail systems have been used in South East Asia cities since the early 1990s. The paper reviews and classifies the approaches used in Bangkok, Kuala Lumpur, Manila and Singapore. The planning, financing, procurement, implementation and...