Based on the well established result of probability matching, we explore in this paper to what extent soccer bettors adjust their behavior taking into account the new relevant information provided by the market. We test empirically the existence of a learning process using the Quiniela...

Il turismo è un fenomeno fortemente localizzato. Le caratteristiche del territorio ne denotano strutturalmente il profilo e i molteplici modelli di offerta cercano di soddisfare la variabilità dei gusti e delle esigenze dei visitatori. Sulla base della rilevazione ISTAT sul movimento nelle...

The NBA and its players union reached a new collective bargaining agreement in 2011. As a result of this agreement, the players will now be receiving less money. The NBA argued that a pay cut for the players was necessary to make the league better. More specifically, the NBA argued that if the...

This article focuses on salary discrimination in the Chinese Professional Baseball League (CPBL). An unbalanced panel data of salary from CPBL teams from 1990 to 2007 was collected, and the two-stage double fixed-effects model was employed. The results supported the contention that reverse...

We employed a methodology similar to Brown (1993, 1994) to estimate the marginal revenue generated by a top-flight NCAA Division I college hockey player. We added to the extant literature in two ways. First, the previous research focused on college basketball and football players. This is the...

This paper examines the economic issues leading up to the 2011 NFL lockout and the resultant Collective Bargaining Agreement with the NFLPA. The history of labor relations between the league and the union is presented. The league’s antitrust situation that led up to the 1993 CBA is discussed...

In response to the severe financial plight of many clubs that regularly take part in European competitions, UEFA developed the concept of Financial Fair Play as an extension of its licensing regulations. The aim of the concept is to curtail financial foul play in European football (nonpayment of...