nep-spo New Economics Papers
on Sports and Economics
Issue of 2009‒07‒11
two papers chosen by
Joao Carlos Correia Leitao
Technical University of Lisbon

  1. Wage and Employment Effects of the Olympic Games in Atlanta 1996 Reconsidered By Arne Feddersen; Wolfgang Maennig
  2. Never change a winning team: The effect of substitutions on success in football tournaments By Mengel Friederike

  1. By: Arne Feddersen (Chair for Economic Policy, University of Hamburg); Wolfgang Maennig (Chair for Economic Policy, University of Hamburg)
    Abstract: We estimate the economic effects of the 1996 Atlanta Olympic Games. Our difference in difference model checks for serial correlation and allows for a simultaneous test of level and trend effects, but otherwise follows HOTCHKISS, MOORE, & ZOBAY (2003) in this journal. We were not able to reconfirm their finding that the Games had significant positive employment effects. We do, however, reaffirm their result of no significant wage effects.
    Keywords: Olympic Games, Sports Economics, Mega Events
    JEL: H54 R12 L83
    Date: 2009–05
  2. By: Mengel Friederike (METEOR)
    Abstract: We identify a strong and significant negative effect of substitutions in (irrelevant) early games in worldcup and olympic football tournaments on performance in later rounds. We argue that this effect is due to the psychological consequences of such a decision and evaluate alternative possible explanations.
    Keywords: Economics (Jel: A)
    Date: 2009

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