The CFTC has recently licensed a commercial prediction market to operate in the US. Previous theoretical work has not incorporated that prediction markets charge fees. We examine the impact of fees by introducing them to a model in which the market price equals the true probability when there...

This paper studies how individuals update subjective risk perceptions in response to hurricane track forecast information, using a unique data set from an event market, the Hurricane Futures Market (HFM). We derive a theoretical Bayesian framework which predicts how traders update their...

In the Netherlands, in the top tier of professional football some teams play their home matches on an artificial pitch while other teams play their home matches on natural grass. This paper investigates whether or not home teams who play on an artificial pitch have an additional home advantage...

In 1983 England's fifth-tier football competition introduced a two-points-for-ahome-win and three-points-for-an-away-win reward system. This system was abolished after three seasons. The anomalous point system may have been introduced to reduce home advantage but the reasons are not fully clear...

Spain is a European leader as a golf tourism destination, and Andalusia is the region that receives the most tourism in this sector, boosting not only the golf industry but also the percentage of income overall. Thus, user loyalty and knowing the future intentions of users is a matter of vital...

In diesem Beitrag werden erstens positive Zahlungsbereitschaften für sportliche Erfolge der deutschen Mannschaft bei den Olympischen Winterspielen 2014 in Sotschi untersucht und zweitens die positive oder auch negative Zahlungsbereitschaft für die Austragung Olympischer Spiele in Deutschland....

We analyze 45 years of data from English professional football focusing on the determinants of home advantage. We conclude that seasonal home advantage is substantial and positively related to within-team variation in attendance. Furthermore, despite big cross-league differences in attendance,...

Using data from 2005 to 2016, this paper examines if players in the National Hockey League (NHL) are being paid a positive differential for their services due to the competition from the Kontinental Hockey League (KHL) and the Swedish Hockey League (SHL). In order to control for performance, we...

In diesem Beitrag werden erstens positive Zahlungsbereitschaften für sportliche Erfolge der deutschen Mannschaft bei den Olympischen Winterspielen 2014 in Sotschi untersucht und zweitens die positive oder auch negative Zahlungsbereitschaft für die Austragung Olympischer Spiele in Deutschland....

We analyze 45 years of data from English professional football focusing on the determinants of home advantage. We conclude that seasonal home advantage is substantial and positively related to within-team variation in attendance. Furthermore, despite big cross-league differences in attendance,...