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Own‐ and Cross‐Price Elasticities for Games within a State Lottery Portfolio
Forrest, David; Perez, Levi - 2011
Lotto demand modeling typically focuses on a single game and evaluates whether estimated “effective price” (expected loss from buying one ticket) elasticity is consistent with net revenue maximization. However, a portfolio of several different lottery games is now usually offered to players...
Persistent link: https://www.econbiz.de/10014177413
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Probabilistic transitivity in sports
Tiwisina, Johannes; Külpmann, Philipp - 2014
soccer, American football and tennis and also use our framework to compare the performance of empirically applied ranking …
Persistent link: https://www.econbiz.de/10010403084
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Outcome Uncertainty, Fan Travel, and Aggregate Attendance
Humphreys, Brad R. - 2016
The classical Uncertainty of Outcome Hypothesis (UOH) informs economists' understanding consumer decisions to attend sporting events and models of team revenue generation. Coates, Humphreys and Zhou (2014) developed a reference dependent preference based consumer choice model under uncertainty...
Persistent link: https://www.econbiz.de/10012976940
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Against all odds? : national sentiment and wagering on European football
Braun, Sebastian (contributor);  … - 2008
bettors. -- Football ; home bias ; investment ; patriotism …
Persistent link: https://www.econbiz.de/10003726416
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Gamblers' rationality in parimutuel soccer betting : strategisches Spielverhalten bei Totalisatorspielen mit nicht-gleichwahrscheinlichen Spielausgängen wie Toto und Torwette
Hauser-Rethaller, Ursula; König, Ulrich; Krylova, Elizaveta - 2000
Wir entwickeln ein Modell für strategisches Spielverhalten bei Glücksspielen nach dem Totalisatorprinzip und wenden es auf die Fußballwettspiele Toto und Torwette an. Unter der Annahme, dass Buchmacherquoten die "wahren" Ausgangswahrscheinlichkeiten der betreffenden Fußballspiele...
Persistent link: https://www.econbiz.de/10009724436
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Competitive balance and match attendance in European rugby union leagues
Hogan, Vincent; Massey, Patrick; Massey, Shane - 2012
The paper analyses the impact of the relatively belated move to professionalism in Rugby Union. We use data on match attendance for 3,667 fixtures in European club Rugby over 15 seasons to estimate the effect of competitive balance on attendance. We find that (short- and medium-term) competitive...
Persistent link: https://www.econbiz.de/10009733752
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Transfer fee regulations in European football
Feess, Eberhard; Mühlheußer, Gerd - 2002
incentives in European football. The different regimes, being used until 1995 ("Pre-Bosman" or P), currently in use ("Bosman" or …
Persistent link: https://www.econbiz.de/10011405887
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Underestimating randomness: Outcome bias in betting exchange markets
Merz, Oliver; Flepp, Raphael; Franck, Egon - 2021
This paper examines whether the outcome bias harms price efficiency in betting exchange markets. In soccer, the match outcome is an unreliable performance measure, as it underestimates the high level of randomness involved in the sport. If bettors overestimate the importance of past match...
Persistent link: https://www.econbiz.de/10012820013
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NFL Betting Market Efficiency, Divisional Rivals, and Profitable Strategies
Shank, Corey A. - 2019
In this paper, I examine market inefficiencies in the NFL betting market from the 2003 season through the 2016 season. I examine the impact that division rivals and previously known determinants of inefficiencies have on the current NFL gambling market. The results show that games against...
Persistent link: https://www.econbiz.de/10012870878
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Migrating Football Players, Transfer Fees and Migration Controls
Verbon, Harrie A. A. - 2021
Since the famous Bosman ruling by the European Court of Justice in 1995 transfer fees for football players after moving … unrestricted market free migration from football players will be Pareto efficient under special circumstances only. This paper … shows that transfer fees can correct inefficient migration flows from small to large football leagues. Home-grown rules that …
Persistent link: https://www.econbiz.de/10013317030