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on Sports and Economics |
| By: | Ivan Trestcov; Aizhamal Rakhmetova |
| Abstract: | This paper investigates the influence of early-career environments on long-run performance. Utilizing quasi-randomness of the NBA Draft Lottery system, we isolate the impacts of initial team success, coaching experience, and the presence of a star player during a basketball player’s debut season. Our findings underscore the significant positive effects of early team wins and experienced coaches on future player performance. Surprisingly, playing alongside a star player in the first year does not show a strong influence. This study offers insights that extend beyond sports, emphasizing the lasting effects of early professional experience and mentorship on career trajectories. |
| Keywords: | early-career success, NBA draft lottery, long-term performance, mentorship |
| Date: | 2024–08 |
| URL: | https://d.repec.org/n?u=RePEc:cer:papers:wp786 |
| By: | Ibadoghlu, Gubad |
| Abstract: | Since 2016, Azerbaijan has been hosting the Formula 1 Grand Prix. Due to COVID-19, the race was not held in 2020 and was conducted without spectators in 2021. The initial contract for the event was supposed to end in 2020, but it was extended for another three years. In 2023, Azerbaijan secured the continuation of its hosting rights until at least 20261. Apart from Formula 1, the country has hosted several other prestigious international events, including the Eurovision Song Contest in 2012, the first European Olympic Games in 2015, the 4th Islamic Solidarity Games in 2017, and the European Youth Olympic Festival in 2019. In 2024, Azerbaijan will host COP29, the most significant event in its history since independence, further adding to its diverse event portfolio. Despite some questions surrounding Baku's role as a host for Formula 1 compared to other international sports events, the Azerbaijani government has regularly organized the race for the past seven years and has yet to address these questions. The 2024 Formula 1 Azerbaijan Grand Prix is scheduled to take place again in Baku from September 13 to 15. In this paper, we examine the myths and realities regarding the economic impact of Formula 1 races. |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:esprep:303482 |
| By: | Libertad González; Luis Guirola; Laura Hospido |
| Abstract: | We provide evidence of fathers’ time-use during paternity leave by studying the timing of paternity leave spells around a large sports event with strong male following: the 2022 Soccer World Cup. We use administrative data from Spain, a country with generous paternity leave policies and a strong following of soccer competitions. Our data cover the universe of paternity (and maternity) leave spells, and we exploit the exact dates of the 2022 World Cup in a difference-in-differences framework. We show that, during the exact dates of the Qatar World Cup (November 20-December 18, 2022), there was a daily excess of more than 1, 000 men on paternity leave (1.3%), relative to the surrounding dates, and using the year before and after as controls (for seasonality). We also show in triple-differences specifications that this excess is not present in maternity leave spells, or in paternity leave spells among self-employed workers (with much more flexible schedules). We interpret these results as direct evidence that (at least a fraction of) fathers use paternity leave for purposes unrelated to childcare. |
| Keywords: | gender inequality, paternity leave, childcare |
| JEL: | J13 J16 J22 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:bge:wpaper:1463 |
| By: | Gilles Paché (CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon) |
| Abstract: | The 2022 FIFA World Cup in Qatar sparked significant societal and ecological controversy, particularly concerning the exploitation and deaths associated with stadium construction and the tournament's overall environmental impact. Despite global criticisms and calls for boycotts, the event's ecological footprint was largely ignored as FIFA moved forward with plans for future tournaments. The 2026 World Cup, set to be hosted by the United States, Canada, and Mexico, promises an even greater logistical and environmental challenge with 48 teams across 16 venues, spanning multiple time zones and involving substantial air travel. This paper examines FIFA's persistent disregard for ecological concerns despite mounting evidence and criticism, drawing parallels with past events and exploring the lack of a regulatory counterbalance to FIFA's practices. The analysis highlights a troubling trend where profit and logistics consistently overshadow environmental sustainability in elite football, suggesting that systemic change remains elusive. |
| Keywords: | Controversy, Ecology, Environment, FIFA World Cup, Logistics |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04696526 |
| By: | Rhys Murrian; Paul A. Raschky; Klaus Ackermann |
| Abstract: | This paper empirically investigates how an individual's network influences their purchase and subsequent use of experience goods. Utilising data on the network and game-ownership of over 108 million users from the world's largest video game platform, we analyse whether a user's friendship network influences their decision to purchase single-player video games. Our identification strategy uses an instrumental variable (IV) approach that employs the temporal lag of purchasing decisions from second degree friends. We find strong peer effects in the individual game adoption in the contemporary week. The effect is stronger if the friend who purchased the game is an old friend compared to a key player in the friendship network. Comparing the results to adoption decisions for a major label game, we find peer effects of a similar size and duration. However, the time subsequently spent playing the games is higher for players who were neither influenced by a peer who is a key player nor an old friend. Considering the increasing importance of online networks on consumption decisions, our findings offer some first insights on the heterogeneity of peer effects between old and key player friends and also provide evidence in consumers' biases in social learning. |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2409.14351 |
| By: | Haoyu Liu; Carl Donovan; Valentin Popov |
| Abstract: | Financial and gambling markets are ostensibly similar and hence strategies from one could potentially be applied to the other. Financial markets have been extensively studied, resulting in numerous theorems and models, while gambling markets have received comparatively less attention and remain relatively undocumented. This study conducts a comprehensive comparison of both markets, focusing on trading rather than regulation. Five key aspects are examined: platform, product, procedure, participant and strategy. The findings reveal numerous similarities between these two markets. Financial exchanges resemble online betting platforms, such as Betfair, and some financial products, including stocks and options, share speculative traits with sports betting. We examine whether well-established models and strategies from financial markets could be applied to the gambling industry, which lacks comparable frameworks. For example, statistical arbitrage from financial markets has been effectively applied to gambling markets, particularly in peer-to-peer betting exchanges, where bettors exploit odds discrepancies for risk-free profits using quantitative models. Therefore, exploring the strategies and approaches used in both markets could lead to new opportunities for innovation and optimization in trading and betting activities. |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2409.13528 |
| By: | Ray C. Fair (Yale University) |
| Abstract: | This paper uses world records by age in running, swimming, and rowing to estimate a biological frontier of decline rates for both men and women. Decline rates are assumed to be linear in percent terms up to a certain age and then quadratic after that, where the transition age is estimated. The use of world records avoids the possible problem of survivor bias in a sample. The decline rates are smallest for rowing, followed by swimming and then running. Decline rates for women are roughly the same as those for men for the swimming events. They are slightly larger for the rowing events. They are largest for running. The age at which there is a 50 percent decline from age 30 ranges from 69 to 89, an optimistic result for humans. Ten year decline rates from age 40 to about the mid 60Õs are about 10 percent for running and 5 percent for swimming and rowing. |
| Date: | 2024–09–17 |
| URL: | https://d.repec.org/n?u=RePEc:cwl:cwldpp:2371r1 |