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on Sports and Economics |
| By: | Paul Dolan; Georgios Kavetsos; Christian Krekel; Dimitris Mavridis; Robert Metcalfe; Claudia Senik; Stefan Szymanski; Nicolas R. Ziebarth |
| Abstract: | Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show that hosting the Olympics increases subjective well-being of the host city's residents during the event, particularly around the times of the opening and closing ceremonies. However, we do not find much evidence for legacy effects. Estimating residents' implicit willingness-to-pay for the event, we do not find that it was worth it for London alone, but a modest wellbeing impact on the rest of the country would make hosting worth the costs. |
| Keywords: | subjective well-being, life satisfaction, happiness, intangible effects, Olympic Games, sport events, quasi-natural experiment |
| JEL: | I30 I31 I38 L83 |
| Date: | 2019–08 |
| URL: | http://d.repec.org/n?u=RePEc:cep:cepdps:dp1643&r=all |
| By: | Philippe Meier (Department of Business Administration, University of Zurich); Maximilian Rüdisser (Department of Business Administration, University of Zurich); Raphael Flepp (Department of Business Administration, University of Zurich); Egon Franck (Department of Business Administration, University of Zurich) |
| Abstract: | We examine whether the moment just before the halftime break is a particularly good time to score a goal. Using detailed data from the top five European football leagues between the 2013/14 and 2017/18 seasons, we exploit the quasi-random occurrence of goals scored just before and just after the halftime break. In the former situation, the game is exogenously inter-rupted by a break immediately after the goal, whereas in the latter situation, the game continues without interruption. We show that in the case of a goal being scored just before halftime, the scoring team benefits more from the halftime break than the conceding team. |
| Keywords: | football, football myth, halftime, scoring, quasi-experiment |
| JEL: | L83 |
| Date: | 2019–08 |
| URL: | http://d.repec.org/n?u=RePEc:zrh:wpaper:382&r=all |
| By: | Philippe Meier (Department of Business Administration, University of Zurich); Maximilian Rüdisser (Department of Business Administration, University of Zurich); Raphael Flepp (Department of Business Administration, University of Zurich); Egon Franck (Department of Business Administration, University of Zurich) |
| Abstract: | We examine how interruptions and personal and contextual factors affect the manifestation of psychological momentum (PM). Using men’s singles tennis point-by-point data from the two Grand Slam tournaments, Wimbledon and Roland Garros, between 2009 and 2014 (N=29,934), we employ realized break points as the potential triggers of PM and rest periods between two sequential games as the exogenous task interruptions. Controlling for player ability and the state of the match, we find that players are more likely to win the next game after realizing a break point only if there is no rest period between games. Thus, our results suggest that interruptions terminate the momentum effect. Further-more, we find that the effect of PM increases for players with a lesser relative ability and at a later stage within a match, showing the importance of personal and contextual factors for PM. |
| Keywords: | Psychological Momentum, Performance, Interruption, Behavioral Economics, Tennis |
| JEL: | D83 D91 L83 |
| Date: | 2019–08 |
| URL: | http://d.repec.org/n?u=RePEc:zrh:wpaper:383&r=all |
| By: | Kaplan, Scott; Gordon, Hal |
| Keywords: | Environmental Economics and Policy |
| Date: | 2019–06–25 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea19:290825&r=all |