We analyse the spatial attendance spillover applying spatial panel-data models with the Italian Football League data from 2001/2002 to 2016/2017. Our Quasi-Maximum Likelihood empirical results suggest that no significant spatial interaction was evident in earlier seasons (2001-2013), but modest...

This paper presents a new hierarchical methodology for estimating multi factor dynamic asset pricing models. The approach is loosely based on the sequential Fama–MacBeth approach and developed in a kernel regression framework. However, the methodology uses a very flexible bandwidth selection...