nep-spo New Economics Papers
on Sports and Economics
Issue of 2019‒01‒21
two papers chosen by
Humberto Barreto
DePauw University

  1. Career Lotto: Labor Supply in Winner-Take-All Markets By Grove, Wayne A.; Jetter, Michael; Papps, Kerry L.
  2. “TiCoSa” a 3d matrix conceptual model to investigate visitors’ perceptions in an athletic event By Fotiadis, Anestis; Williams, Russell Blair

  1. By: Grove, Wayne A. (Le Moyne College); Jetter, Michael (University of Western Australia); Papps, Kerry L. (University of Bath)
    Abstract: Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability and earnings projections. We find that prospective tennis professionals are attracted to right-skewed earnings distributions, independent of mean and variance. If skewness in prize money fell to zero, males would be 23% and females 5% less likely to continue pursuing a professional career, on average. Thus, winner-take-all labor markets appear to systematically encourage those with modest talents to pursue long-shot careers.
    Keywords: winner-take-all markets, superstar markets, labor supply, human capital, gender differences, skewness preferences
    JEL: J22 J24 J31 J44 L83
    Date: 2018–12
  2. By: Fotiadis, Anestis; Williams, Russell Blair
    Abstract: Visitor behavior can determine athletic events structure making it an important consideration for managers. In this study visitor behavior is analyzed using a new managerial tool called “TiCoSa – Time, Cost, and Satisfaction Activity Blocks” which permits managers to see the time, cost and satisfaction distribution of visitor activities. Through this tool time periods were classified and used as a means of describing visitor flow and behavior in various time blocks within a day. Expenditure patterns were also identified in relation to specific cost blocks relating to the consumption of preferred products and services. Afterword satisfaction was evaluated for each attribute. The recording of information is achieved by a descriptive data collection instrument which reflects time, satisfaction and cost distribution of visitors’ activities. Data collection will be accomplished by means of a diary-type semi-structured questionnaire which will be administered in face-to-face interviews with visitors. Despite limitations, the present research provides useful suggestions for grouping visitor activities (i.e. based on time distribution analysis of activities), which could constitute a basis for better managerial decision making.
    Keywords: Time and cost; visitor satisfaction; 3D matrix; athletic events
    JEL: C22 D24
    Date: 2017–12–12

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