Previous research debates whether public school (Tiebout) choice improves students' academic outcomes, but there is little examination of its effects on non-academic outcomes. We use data from a nationally representative sample of high school students, a previously developed public school choice...

This paper demonstrates that both consumer utility and event organizer profits increase when tournaments played at neutral sites sell tickets via options, which are exercisable only if the desired team reaches a given round of the tournament, and advanced selling; rather than just utilizing an...

Decisions on whether to retain recent hires are often limited by small sample size. We empirically assess whether uncertainty in employee retention decisions could be significantly reduced by increasing sample size. Using a unique data set from professional tennis matches to measure small sample...

Sports leagues in different parts of the world are set up in different ways, some as open leagues and some as closed leagues. It has been shown that spending on players is higher in open leagues (Szymanski and Ross 2000 and Szymanski and Valletti 2005). This paper extends these studies, finding...

Different theoretical explanations have been developed for seemingly inconsistent actions that deal with varying levels of time and risk: Allais Paradox, present-bias, dynamic inconsistency, risk aversion, prospect theory, and the utility of gambling, for example. This study develops a simple...

This study argues that endowments can be efficient, both for a finite-lived and infinitely-lived agent. When the lost utility from forgone consumption is less than the discounted utility brought by the cash flows paid throughout the endowment, endowments are utility enhancing. Given that this...