nep-spo New Economics Papers
on Sports and Economics
Issue of 2008‒03‒01
three papers chosen by
Joao Carlos Correia Leitao
University of the Beira Interior

  1. Market Efficiency in the Baseball Betting Market: The Case of Pete Rose By Douglas Coate
  2. To Bat or Not to Bat: An Examination of Contest Rules in Day-night Limited Overs Cricket By Peter Dawson; Bruce Morley; David Paton; Dennis Thomas
  3. Características estructurales de las organizaciones deportivas: Principales tendencias en el debate académico By Gomez, Sandalio; Opazo, Magdalena; Marti, Carlos

  1. By: Douglas Coate
    Abstract: In this paper the betting on baseball games from April 8, 1987 to May 12, 1987 attributed to Pete Rose in the Dowd Report to the Commissioner of Baseball is analyzed. The results show Rose lost $4,200 betting on the Cincinnati Reds, the team which he managed; $36,000 betting on other teams in the National League, and $7,000 on his American League wagers. These losses, which include about $20,000 to $25,000 in transaction fees are small relative to the $450,000 in winning and losing bets (including the transaction fees) and are consistent with an informational efficient market. Assuming these bets are Rose's, his expertise (24 years as a player, 4 years as a manager, major league leader in games played) was not an advantage when betting on his own team, on other teams in his league that he studied and competed against, or on teams in the other major league.
    Keywords: Pete Rose, sports betting, market efficiency
    JEL: G14 L83
    Date: 2008–02
  2. By: Peter Dawson (Department of Economics and International Development, University of Bath); Bruce Morley (Department of Economics and International Development, University of Bath); David Paton (Nottingham University Business School, Jubilee Campus); Dennis Thomas (School of Management and Business, University of Wales Aberystwyth)
    Abstract: The tradition of tossing a coin to decide who bats first in a cricket match introduces a randomly-assigned advantage to one team that is unique in sporting contests. In this paper we develop previous work on this issue by examining the impact of the toss on outcomes of day-night one day international games explicitly allowing for relative team quality. We estimate conditional logit models of outcomes using data from day-night internationals played between 1979 and 2005. Other things equal, we find that winning the toss and batting increases the probability of winning by 31%. In contrast, winning the toss does not appear to confer any advantage if the team choose to bowl first.
    Keywords: cricket, contest rules, match results, competitive balance, outcome uncertainty
    JEL: L83
    Date: 2008–02
  3. By: Gomez, Sandalio (IESE Business School); Opazo, Magdalena (IESE Business School); Marti, Carlos (IESE Business School)
    Abstract: La relación entre teoría organizacional y deporte ha presentado normalmente al deporte como un campo interesante en el cual ilustrar el fenómeno organizacional. Esta revisión de la literatura se propone examinar los textos académicos e investigaciones que analizan la naturaleza particular de los fenómenos organizacionales en el deporte, específicamente en relación con la estructura de las organizaciones deportivas. El tema ha sido tratado habitualmente en el contexto de estudios organizacionales más amplios, principalmente relacionados con el cambio organizacional, el rendimiento organizacional y la configuración estructural de las organizaciones. Esto significa que los cambios que han transformado el mundo del deporte han afectado no sólo a la estructura de las organizaciones deportivas, sino también al entorno en el que operan y a las medidas tradicionales para evaluar su eficacia. Examinando la literatura se pueden identificar interesantes parcelas de investigación sobre la estructura de las organizaciones deportivas, así como los elementos esenciales a tener en cuenta a la hora de estudiar los fenómenos organizacionales en el sector del deporte.
    Keywords: organizaciones deportivas; estructura;
    Date: 2008–02–03

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