|
on Sports and Economics |
Issue of 2010‒08‒28
seven papers chosen by Joao Carlos Correia Leitao University of Beira Interior and Technical University of Lisbon |
By: | Johannes Berger (University of Cologne); Petra Nieken (University of Bonn) |
Abstract: | We empirically investigate if tournaments between heterogeneous contestants are less intense. To test our hypotheses we use professional sports data from the TOYOTA Handball-Bundesliga, the major handball league in Germany. Using either differences in betting odds or rankings to measure ability differences, our results support standard tournament theory as we find a highly significant negative impact of the matchup's heterogeneity on joint teame efforts. However, further analysis shows that this overall decrease in efforts is almost entirely driven by the reaction of the ex-ante favorite team. |
Keywords: | tournament, heterogeneity, incentives, sportseconomics |
JEL: | J24 J33 J41 M52 |
Date: | 2010–07 |
URL: | http://d.repec.org/n?u=RePEc:trf:wpaper:325&r=spo |
By: | Stan Du Plessis (Department of Economics, Faculty of Economic and Management Sciences, University of Stellenbosch); Wolfgang Maennig (Chair for Economic Policy, University of Hamburg) |
Abstract: | Without a doubt, the 2010 World Cup of soccer in South Africa was a great experience for both soccer fans, who enjoyed a safe and efficiently-run tournament, and their South African hosts. The sporting and social spectacle was broadcast around the world and focused unprecedented media attention on South Africa. Despite the manifest success of the tournament, its short-term effects on international tourism, which are the nucleus of all other short-term positive effects on economic variables such as employment, income and taxes, have turned out to be of a much smaller magnitude than expected or even as reported during the tournament. This may be attributable to self-defeating prophecy effects. This study is a warning against the abuse of economic impact studies, especially those pertaining to major sporting events. It is also a call to use the “correct” arguments of measurable awareness effects and potential long-term development effects in discussing major sporting events. Methodologically, this study is innovative in its economic analysis of major sporting events because it (i) uses data from social networks and (ii) uses high-frequency daily data on tourism. |
Keywords: | FIFA World Cup, Mega sporting events, Sport economics, Tourism, South Africa 2010, Self-defeating prophecies, Awareness, Google, Facebook, Social networks |
JEL: | L83 R53 R58 |
Date: | 2010–08–15 |
URL: | http://d.repec.org/n?u=RePEc:hce:wpaper:037&r=spo |
By: | Papps, Kerry L. (University of Oxford) |
Abstract: | The establishment of the free agency system in the 1970s resulted in large salary increases among professional baseball players. Historical data show that players have tended to perform better at early stages of their careers since free agency was introduced. Under the current salary bargaining system, players only become eligible for salary arbitration and free agency at predetermined points in their careers, resulting in sudden changes in salary growth rates at these points. Using data on official days of major league service, it is found that players with high expected salary growth perform better, consistent with efficiency wage theory. |
Keywords: | efficiency wages, productivity, baseball |
JEL: | J24 J31 |
Date: | 2010–08 |
URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp5133&r=spo |
By: | Paul M. Sommers; Mark B. Whelan |
Date: | 2010 |
URL: | http://d.repec.org/n?u=RePEc:mdl:mdlpap:1032&r=spo |
By: | Paul M. Sommers; Alexandra A. Fox; Tucker P. Donahoe; John M. Yanchek |
Date: | 2010 |
URL: | http://d.repec.org/n?u=RePEc:mdl:mdlpap:1029&r=spo |
By: | Paul M. Sommers; Matthew H. LoRusso |
Date: | 2010 |
URL: | http://d.repec.org/n?u=RePEc:mdl:mdlpap:1030&r=spo |
By: | Paul M. Sommers; Alyssa A. Chong |
Date: | 2010 |
URL: | http://d.repec.org/n?u=RePEc:mdl:mdlpap:1031&r=spo |