This paper provides an empirical analysis of how various local events impact the daily hotel market of Austin, Texas. The major innovation in this paper over previous studies that use daily hotel data is that we differentiate between six different grades of hotel rooms. Thus, the analysis...

Local governments often justify subsidizing sports stadiums as economic development projects that have positive returns on investment. If this is true, economic and quality-of-life spillovers that are capitalized in local property values ought to generate additional tax revenue for host...

In this online appendix, we present the regression results containing all of the events included in our analysis. The tables in the main paper are subsets of the tables reported in this appendix. In each table, the first column reports the results for the subsample of hotels located in...

Research question: In 2010, the governing body of European football, UEFA, approved 'Financial Fair Play' regulations. Designed to encourage financial discipline, promote stability and foster competitive balance, they focus on a financial breakeven constraint. We analyse the impact of such...

Research question: In 2010, the governing body of European football, UEFA, approved “Financial Fair Play” regulations. Designed to encourage financial discipline, promote stability and foster competitive balance, they focus on a financial breakeven constraint. We analyse the impact of such...

Claims of securities fraud had historically failed because investors seldom rely on false or misleading statements when transacting securities. To bolster confidence in securities markets, the U.S. Supreme Court adopted a doctrine called “fraud-on-the-market” so that duped investors can show...

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...

With legal sports betting being viewed as a panacea for state budget woes across the United States, the underlying data that fuels the sports betting industry has emerged as an especially valuable asset. In the hopes of capitalizing on state laws that have now legalized sports betting, U.S....

Given the recent importance that sport organizations, academics, and the public have placed on environmental sustainability this article introduces the study of ecological economics — founded upon Nicholas Georgescu-Roegen's application of thermodynamics to economics — to legal perspectives...