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Tournament theory (Lazear and Rosen, 1981) predicts that effort supplied in contests varies with the incentive … effort supply. Empirical analysis of more than 40,000 regular season football matches in 10 top domestic European leagues …
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Most National Football League (“NFL”) contracts are not fully guaranteed, and can be viewed as a series of team options …. We use finance theory to value the options implicitly embedded in these contracts. For any contract, we calculate an …
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occurrence of an arms race among top European football teams …
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The soccer referee stands in for a judge. Soccer’s Video Assistant Referee (“VAR”) system stands in for algorithms that augment human deciders. Fair play stands in for justice. They are combined and set in a polycentric system of governance, with implications for designing, administering,...
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