nep-spo New Economics Papers
on Sports and Economics
Issue of 2006‒10‒28
two papers chosen by
Joao Carlos Correia Leitao
Universidade da Beira Interior
  1. Mega-Events: The effect of the world’s biggest sporting events on local, regional, and national economies By Victor Matheson
  2. Seemingly Irrelevant Events Affect Perceptions and Expectations - The FIFA World Cup 2006 as a Natural Experiment By Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe
  1. By: Victor Matheson (Department of Economics, College of the Holy Cross)
    Abstract: This paper provides an overview of the economics of sports mega-events as well as a review of the existing literature in the field. The paper describes why boosters’ <i>ex ante</i> estimates of the economic impact of large sporting events tend to exaggerate the net economic benefits of these events and surveys the results of a large number of <i>ex post</i> studies of exploring the true impact of mega-events.
    Keywords: sports, impact analysis, mega-events
    JEL: L83
    Date: 2006–10
    URL: http://d.repec.org/n?u=RePEc:hcx:wpaper:0610&r=spo
  2. By: Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe
    Abstract: Prominent economic theories have emphasized the role of commonly held perceptions and expectations for determining macroeconomic outcomes. A key empirical question is how such collectively held beliefs are formed. We use the FIFA World Cup 2006 as a natural experiment. We provide direct evidence that seemingly irrelevant events (the outcomes of soccer matches) can systematically affect individual perceptions about economic prospects, both on a personal and economy-wide level.
    Keywords: expectation formation; macroeconomic outcomes; psychology; soccer World Cup; sunspots
    JEL: D0 D8 E0
    Date: 2006–09
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:5851&r=spo
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