There is a substantial body of evidence to the effect that output is more volatile than sales among manufacturing industries. Numerous explanations have been advanced to account for this excess output volatility. Some examples are pro-cyclical inventory movements induced by a stockout-avoidance...

The “Hot Hand†hypothesis in gambling markets—belief that teams on winning streaks will continue winning—appears to exist in the National Basketball Association (NBA), but not the National Football League (NFL). Past research assumed that bookmakers set point spreads to...

Sports economics is a well-established and dynamic area of study; a key component in the fields of sport management, sport science and sport studies, as well as in other areas of economics, finance and management. Covering amateur to professional sports, individual events and organised...