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Perverse incentives are ubiquitous in different economic settings. In sports, they often take the form of temptation to …
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Verlagstext: Sportgroßveranstaltungen haben in den vergangenen Jahren weltweit zunehmende wirtschaftliche und gesellschaftliche Bedeutung erlangt.Der Entschluss, eine Sportgroßveranstaltung zu realisieren, stellt für die betroffenen Institutionen oftmals eine Frage besonderer Tragweite dar,...
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The awarding of the Olympic Games to a certain city or the announcement of a city's Olympic bid may be considered as a news shock that affects agents' market expectations. A news shock implies potential impacts on the dynamic adjustment process that change not only the volatility but also the...
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