This paper is an addendum to Henry C. Wurts, On micro-Corporate-Governance (micro-CG) issues regarding the Malliaris Single-Sentence (MSS) Derivation of the Black-Scholes-Merton (BSM) Equation, as a demonstration that Derivations Matter (DM) (August 28, 2021). Available at SSRN:...

Tokyo 2020 became the first postponed game in the Olympics history. In this article, we discuss how various stakeholders of Olympic Committee worked with the host Country to successfully conduct a multi-billion dollar event in midst of a pandemic. We start the article by discussing the standard...

We analyze the relationship between sports events and concerts, important hospitality demand drivers and key components of many urban renewal projects, in the Staples Center in Los Angeles, an arena home to three pro teams, and nearby hotel performance, exploiting exogenous daily variation in...

The BSM Formula can be derived according to various generic approaches, including a simple binary taxonomy (T) regarding use and not of the BSM Equation as a partial differential equation (PDE) as an intermediate step. Namely, (T1) using the PDE and (T2) not using the PDE. While Wurts (2020 BSM,...

Large sporting events have non-trivial externalities, where net social benefits can differ from net private benefits. In this chapter we particularly explore the relationship between large sporting events and public health and safety considerations, surveying the relevant literature. The...

Professional sports teams commonly reevaluate their location decisions based on the prospect of building new, more attractive, stadiums. Even though a large economic literature warns about the modest (and possibly negative) effects on the local economy of hosting a professional sports team, the...

Among the countries currently considering issuing a central bank digital currency (CBDC), including nearly all of G20, there is a strong preference for a retail CBDC made available to the general public through private intermediaries. This Policy Brief sheds light on the technical complexities...

Our study focuses on the Social Cost of Carbon in Relation to Climate Risk. Since information on the social cost of carbon and its effects on the climate is not easily accessible, we searched the internet for pertinent data sets. We have information on emissions from 470 oil and gas companies in...

Professional female athletes have long and bitterly complained that their compensation seriously lags behind that awarded to their male counterparts, and that this situation is unjust. The problem with this argument is that it is based on the labor theory of value, a long-discredited theory that...

This analysis examines the novelty effect from new modern stadiums in the four major US-based professional sports leagues using a robust difference-in-differences event study approach. Estimates identify an immediate positive attendance shock from new venues that diminishes to...