Companies in financial distress have an incentive to take on high-risk/high-reward projects, known as lsquo;bankruptcy behavior.' This paper investigates the activity of bankruptcy behavior outside of the corporate setting by analyzing the effects of the overtime structure in the NFL relative to...

Stadium boosters have long used the promise of economic development as a means of gaining public support to finance local sports teams. Past research has shown little or no impact on employment or income when viewed at the MSA level. This paper expands the current literature on the economic...

Stock exchanges around the world have integrated a hybrid trading system. This has added anonymity for traders, making it harder for market makers to match large continuous trades, leading to an increase in volatility and a decrease in informational efficiency. This occurs because less...

This document provides additional information about the data used in the study “Family Connections in Motorsports: The Case of Formula One,” and contains robustness checks on the main results, focusing on whether particular periods of Formula One racing are overly influential

In this paper, we examine the impact of unexpected natural disasters on the insurance industry. The industry is exposed to greater risks in states with large populations. Hence we normalize the unexpected disasters with the population of the state. We find evidence that total sales of the...

In this study, we examine how the market concentration in the insurance industry impacts employment and wages. We use panel data, with fixed effects, to find that a higher market concentration is associated with lower employment in the industry. Additionally, we find that market concentration is...

Using data to make future decisions can increase the odds of success in many aspects of life, however, using the data incorrectly can be worse than not using any data at all. In this study, I present a case where a collegiate football coach attempted to use data to enhance the chances of...

This study argues that endowments can be efficient, both for a finite-lived and infinitely-lived agent. When the lost utility from forgone consumption is less than the discounted utility brought by the cash flows paid throughout the endowment, endowments are utility enhancing. Given that this...

Often sports leagues, organizing committees, and team owners justify the use of public funds used to build sports stadiums by the perceived economic impacts and civic pride generated by the team or mega event. Since the 1980s, there have been many economic studies looking at the economic impact...