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Equilibrium Price Dynamics in Perishable Goods Markets : The Case of Secondary Markets for Major League Baseball Tickets
Sweeting, Andrew - 2008
This paper analyzes the dynamics of prices in two online secondary markets for Major League Baseball tickets. Controlling for ticket quality, prices tend to decline significantly as a game approaches. The paper describes and tests alternative theoretical explanations for why this happens in...
Persistent link: https://www.econbiz.de/10012464142
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Strike Three : Umpires' Demand for Discrimination
Parsons, Christopher A. - 2007
We explore umpires' racial/ethnic preferences in the evaluation of Major League Baseball pitchers. Controlling for umpire, pitcher, batter and catcher fixed effects and many other factors, strikes are more likely to be called if the umpire and pitcher match race/ethnicity. This effect only...
Persistent link: https://www.econbiz.de/10012465037
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A Sharper Ratio : A General Measure for Correctly Ranking Non-Normal Investment Risks
Smetters, Kent - 2013
While the Sharpe ratio is still the dominant measure for ranking risky assets, a substantial effort has been made over … ranking measure which, under a regularity condition, correctly ranks risks relative to the original investor problem for a … probability distributions. This paper also explores the theoretical foundations of risk ranking, including proving a key …
Persistent link: https://www.econbiz.de/10012459163
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Representing Symmetric Rank Two Updates
Gay, David M. - 1976
Various quasi-Newton methods periodically add a symmetric "correction" matrix of rank at most 2 to a matrix approximating some quantity A of interest (such as the Hessian of an objective function). In this paper we examine several ways to express a symmetric rank 2 matrix [delta] as the sum of...
Persistent link: https://www.econbiz.de/10012479003
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Coordination and Bandwagon Effects of Candidate Rankings : Evidence from Runoff Elections
Pons, Vincent - 2019
5.9pp), than those who barely ranked second. The effects are even larger for ranking second instead of third (23.5, 9 ….9, and 6.9 to 12.2pp), and also present for ranking third instead of fourth (14.6, 2.2, and 3.0 to 5.0pp). The impact of …
Persistent link: https://www.econbiz.de/10012480543
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Who Profits From Amateurism? Rent-Sharing in Modern College Sports
Garthwaite, Craig - 2020
rents flow to women's sports and other men's sports and lead to increased spending on facilities, coaches' salaries, and … other athletic department personnel. Using complete roster data for every student-athlete playing sports at these schools in … collective bargaining agreements in professional sports leagues as a benchmark. We also discuss how our results help understand …
Persistent link: https://www.econbiz.de/10012481282
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Professionals Do Not Play Minimax : Evidence from Major League Baseball and the National Football League
Kovash, Kenneth - 2009
Game theory makes strong predictions about how individuals should behave in two player, zero sum games. When players … data sets. Pitchers appear to throw too many fastballs; football teams pass less than they should. In both sports, there is …
Persistent link: https://www.econbiz.de/10012463303
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Racial Discrimination Among NBA Referees
Price, Joseph - 2007
The NBA provides an intriguing place to test for taste-based discrimination: referees and players are involved in repeated interactions in a high-pressure setting with referees making the type of split-second decisions that might allow implicit racial biases to manifest themselves. Moreover, the...
Persistent link: https://www.econbiz.de/10012465447
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The Dynamics of Inattention in the (Baseball) Field
Archsmith, James E.; Heyes, Anthony; Neidell, Matthew; … - National Bureau of Economic Research - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...
Persistent link: https://www.econbiz.de/10012585406
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Termination Risk and Agency Problems : Evidence from the NBA
Cohen, Alma - 2018
When organizational structures and contractual arrangements face agents with a significant risk of termination in the short term, such agents may under-invest in projects whose results would be realized only in the long term. We use NBA data to study how risk of termination in the short term...
Persistent link: https://www.econbiz.de/10012453012