The authors examine labor supply using 1,426 responses of individual runners to prizes in open invitational foot races. The data are used to decompose the overall market response of higher prizes into two components based on the basic tournament model. First, an entry effect exists in which...

The rate of return to investment in thoroughbred racehorses is widely believed to be negative on average. In a world of fully informed market participants, this implies that ownership of a racehorse is motivated in part by nonfinancial attributes, perhaps a taste for sport. This article presents...

The analysis uses an exhaustive golf course database that contains over 100 golf course variables on more than 15,000 golf courses in the United States combined with data from the Audubon International Cooperative Sanctuary Program to examine the market setting of environmental certification on...