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on Sports and Economics |
| By: | Bakkenbüll, Linn-Brit; Dilger, Alexander |
| Abstract: | We examine the value of sporting success of the 2014 Football World Cup in Brazil by using a method that allows measuring non-market goods, the contingent valuation method (CVM). Besides the value of sporting success in form of the willingness-to-pay (WTP), we determine what influences the WTP for different rounds in the tournament. According to our survey in Germany (n=549), the WTP increased with the success of the German national football team and respondents were willing to pay €23.00 on average if Germany became the World Champion 2014. An extrapolation of the WTP of the respondents finds that the German population at large were willing to pay €1.696 billion for becoming World Champion 2014. Tobit regressions show that expectations, intangible and socio-economic factors were significant determinants of the individual WTP. |
| Abstract: | Wir untersuchen mittels der Kontingenten Bewertungsmethode für öffentliche Güter den Wert des sportlichen Erfolges der Fußball-Weltmeisterschaft im Jahr 2014 in Brasilien. Neben dem Wert des sportlichen Erfolges im Sinne der Zahlungsbereitschaft bestimmen wir Einflussfaktoren für die Zahlungsbereitschaft in unterschiedlichen Turnierrunden. Gemäß unserem Datensatz von 549 Antwortenden in Deutschland stieg die Zahlungsbereitschaft mit dem Erfolg der deutschen Nationalmannschaft. Die Umfrageteilnehmer waren im Schnitt bereit, 23,00 Euro für den deutschen Gewinn der Weltmeisterschaft zu zahlen. Eine Extrapolation der Zahlungsbereitschaften findet für die deutsche Bevölkerung insgesamt einen Wert von 1,696 Mrd. Euro für den Weltmeistertitel. Tobit-Regressionen zeigen, dass Erwartungen, immaterielle sowie soziodemographische Faktoren für die individuelle Zahlungsbereitschaft signifikant sind. |
| JEL: | D12 D61 D62 H41 H43 L83 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:umiodp:112015&r=spo |
| By: | Maria De Paola; Vincenzo Scoppa (Dipartimento di Economia, Statistica e Finanza, Università della Calabria) |
| Abstract: | Using data on about 35,000 professional tennis matches, we test whether men and women react differently to psychological pressure arising from the outcomes of sequential stages in a competition. We show that, with respect to males, females losing the first set are much more likely to play poorly the second set, choking under the pressure of falling behind and receiving negative feedback. The gender differential is stronger in high stakes matches. On the other hand, when players are tied in the third set we do not find any gender difference in players’ reactions: this suggests that females do not tend to choke if they do not lag behind. These results are robust controlling for measures of abilities and fitness of players, such as players’ rankings, players’ ex-ante winning probability, players’ rest, players’ and tournaments’ fixed effects. |
| Keywords: | Gender Differences, Psychological Pressure, Choking under Pressure, Feedback, Tennis |
| JEL: | J16 D03 L83 |
| Date: | 2015–12 |
| URL: | http://d.repec.org/n?u=RePEc:clb:wpaper:201506&r=spo |