nep-spo New Economics Papers
on Sports and Economics
Issue of 2006‒06‒24
three papers chosen by
Joao Carlos Correia Leitao
Universidade da Beira Interior

  1. New Perspectives in Sports Economics: A European View By Wladimir Andreff
  2. Ten Do It Better, Do They? An Empirical Analysis of an Old Football Myth By Marco Caliendo; Dubravko Radic
  3. Funding and operation of stadiums and arenas beside high-class leagues By Stephan Gundel; Achim Hecker

  1. By: Wladimir Andreff (Centre d’Economie de la Sorbonne)
    Keywords: Sports
    JEL: L83
    Date: 2006–06
  2. By: Marco Caliendo (DIW Berlin, IAB Nuremberg and IZA Bonn); Dubravko Radic (University of Wuppertal)
    Abstract: In this paper we investigate how the expulsion of a player influences the outcome of a football match. Common sense implies a negative impact for the affected team. However, an old football myth suggests that such an expulsion might also be beneficial since it increases the team spirit as well as the efforts of the affected team. We make use of a unique dataset containing all games played in a World Cup Championship between 1930 and 2002 and follow a twofold econometric strategy: We start with a conditional maximum likelihood estimator which is independent of the relative strength of the teams before we extend this estimator to take the relative strength of the teams and the minute of the expulsion into account. Our results indicate that the scoring intensities of both teams do not differ after the expulsion. Conducting scenario analysis reveals that the impact of a red card depends on the minute of the expulsion and does not have an impact at all if given at the end of the first half or later.
    Keywords: Poisson process, (un)conditional likelihood, football, red card effect
    JEL: C40 Z00
    Date: 2006–06
  3. By: Stephan Gundel (University of Freiburg); Achim Hecker (University of Freiburg)
    Abstract: Financing and operating stadiums and arenas beside the respective national high-class leagues are demanding tasks for those involved, mostly clubs or local governments. In the majority of cases, the affected clubs and teams heavily rely on ticket and catering revenues or sponsorships since the marketing of TV rights is of negligible importance. Nevertheless, the respective stadiums and arenas are often old and lack modern comfort on account of budget constraints impeding capital spending by clubs or governments. Starting from these observations and considering the features of the relevant sports facilities, we examine which funding and operating models could improve the endowment with stadiums and arenas in an efficiency-maximizing way and derive helpful recommandations for clubs, policy makers and private investors. For this purpose, we also establish four criteria to assess the efficiency of any stadium or arena construction and operation models, namely funding efficiency, cost efficiency, management efficiency and allocation efficiency. Paper is in German.
    Keywords: sports facilities, public funding, public-private-partnerships
    JEL: L33 L83 R53
    Date: 2006–06

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