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on Sports and Economics |
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Issue of 2013‒12‒15
eight papers chosen by Joao Carlos Correia Leitao Universidade da Beira Interior and Universidade de Lisboa |
| By: | Vöpel, Henning |
| Abstract: | Empirical evidence suggests that top players often play together in one team. Based on the O-ring theory (Kremer 1993) a Zidane clustering theorem is derived. It is argued that the best midfielder is most efficiently allocated when combined with an ace striker, and vice versa. This implies that better teams can payer higher wages, because players are more valuable for better teams than for weaker teams. In equilibrium all teams are of homogenous quality, otherwise a reallocation would occur on the players market. Obviously, such a clustering effect negatively affects the competitive balance. It is shown that the clustering effect must be compensated by decreasing marginal revenue for sporting success in order to restore the competitive balance. This is certainly not the case in the UEFA Champions League where the prize money is exponentially increasing thus contributing significantly to the inherent monopolization in professional sports leagues. -- |
| Keywords: | clustering,competitive balance |
| JEL: | D24 D43 L22 L51 |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:hwwirp:141&r=spo |
| By: | Dominik Scheyer; Sascha L. Schmidt; Benno Torgler |
| Abstract: | This paper constitutes a unique micro-level exploration of the relation between game outcome uncertainty and the behavior of highly committed season ticket holders of a major Bundesliga soccer team. Specifically, we look at 3,113 season ticket holders attending all 17 home games in the 2012-13 season and explore whether outcome uncertainty had an impact on their stadium arrival time. We find strong evidence that increased uncertainty about the expected outcome prompts these spectators to enter the stadium earlier. Moreover, season ticket holders travelling from outside the hosting city or paying higher season ticket prices exhibit a stronger reaction to uncertainty compared with season ticket holders in the standing section. We also find that younger spectators are less likely to arrive late when uncertainty increases. |
| Keywords: | outcome uncertainty, soccer, football, consumer demand, attendance, season ticket holders. |
| JEL: | L83 D12 R22 Z19 |
| Date: | 2013–11–29 |
| URL: | http://d.repec.org/n?u=RePEc:qut:qubewp:wp024&r=spo |
| By: | Van Klaveren, C.; De Witte, Kristof |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:ner:leuven:urn:hdl:123456789/427657&r=spo |
| By: | Leeds, Daniel (University of Michigan); Leeds, Michael A. (Temple University); Motomura, Akira (Stonehill College) |
| Abstract: | The relevance of sunk costs in decision making is one of the major sources of disagreement between neoclassical economists and behavioral economists. We test the importance of sunk costs by examining the role of a player's draft position on his playing time in the National Basketball Association. Specifically, we ask whether players taken as "lottery picks" or in the first round of the draft are treated differently from otherwise identical players who are chosen later. We build on previous studies in three ways. First, we study a time period that had a stronger contrast between the financial commitment to first and second-round draft picks. Second, we use a better measure of playing time by accounting fully for the time a player loses to injury, suspension, or other exogenous factor. Finally and most importantly, we use a more sophisticated methodology – regression discontinuity – to test for whether teams treat lottery picks or first-round picks differently from later picks. Our results find little or no impact of draft round or lottery status on playing time. Hence, our findings strongly support the neoclassical outlook. |
| Keywords: | sunk costs, behavioral economics, basketball, regression discontinuity |
| JEL: | D03 J23 L83 |
| Date: | 2013–12 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp7801&r=spo |
| By: | Woisetschläger, David M.; Backhaus, Christof; Dreisbach, Jan; Schnöring, Marc |
| Abstract: | Betrachtung der Markenwahrnehmung der Fußball-Bundesligisten -- |
| Keywords: | Markenwahrnehmung,Fußball-Bundesliga |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:esprep:88165&r=spo |
| By: | Björklund, Gunilla (VTI); Mortazavi , Reza (Dalarna University) |
| Abstract: | In this paper we investigate how attitudes to health and exercise in connection with cycling influence the estimation of values of travel time savings in different kinds of bicycle environments (mixed traffic, bicycle lane in the road way, bicycle path next to the road, and bicycle path not in connection with the road). The results, based on two Swedish stated choice studies, suggest that the values of travel time savings are lower when cycling in better conditions. Surprisingly, the respondents do not consider cycling on a path next to the road worse than cycling on a path not in connection to the road, indicating that they do not take traffic noise and air pollution into account in their decision to cycle. No difference can be found between cycling on a road way (mixed traffic) and cycling in a bicycle lane in the road way. The results also indicate that respondents that include health aspects in their choice to cycle have lower value of travel time savings for cycling than respondents that state that health aspects are of less importance, at least when cycling on a bicycle path. The appraisals of travel time savings regarding cycling also differ a lot depending on the respondents’ alternative travel mode. The individuals who stated that they will take the car if they do not cycle have a much higher valuation of travel time savings than the persons stating public transport as the main alternative to cycling. |
| Keywords: | Value of travel time savings; Cyclists; Infrastructure; Attitudes; Health |
| JEL: | R40 |
| Date: | 2013–12–10 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:ctswps:2013_035&r=spo |
| By: | Woisetschläger, David M.; Backhaus, Christof; Dreisbach, Jan; Schnöring, Marc |
| Abstract: | -- |
| Keywords: | Markenwahrnehmung,Fußball-Bundesliga |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:esprep:88166&r=spo |
| By: | Woisetschläger, David M.; Backhaus, Christof; Dreisbach, Jan; Schnöring, Marc |
| Abstract: | -- |
| Keywords: | Sponsoring,Fußball-Bundesliga,Sponsoringwirkung,Imagetransfer,Sponsoringerfolg |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:esprep:88167&r=spo |