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This study uses a travel-cost model to analyse the attendance impacts on Major League Baseball (MLB) of the closest substitute MLB team. It is found that the closer two teams are, the lower attendance is at each team relative to two teams that are farther apart. In addition, when a new team...
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This paper attempts to resolve some of the confusion in the sports economics literature regarding conjectures, open and closed leagues, and the invariance principle in sports league modeling. Very few papers model talent level and talent investment by teams separately, which can create confusion...
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Past work on principal-agent problems in sports does not effectively compare among players. The comparison must be made between players nearing contract negotiations and other players to detect ex ante strategic behavior (turning up performance just prior to contract negotiations) and ex post...
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This paper analyzes the financial incentives for entities to self-impose punishments post-apprehension but before the enforcement body imposes punishment. We argue that violators punish themselves in order to affect the level and type of total punishment. Violators may be able to choose the...
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