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The authors describe two classroom exercises that can be used to reinforce undergraduate students' understanding of (1) production and cost concepts and (2) the concept of economic scarcity. In the first exercise, students use their experience in producing 'widgets' in a single variable input...
This paper considers Google’s creation of investment value through its focus on technological advances that lead to job creation. By creating innovations that result in increased employment, Google contributes to macroeconomic expansion while increasing the long-term demand for its own stock....
In recent years, considerable attention has been given to the role of legalized gambling in regional economic development. Evidence of the effectiveness of legalized gambling activities in causing economic growth has led to its expansion in the United States. This paper looks at the greyhound...
This paper contains a statistical analysis of the factors that contribute to team wins in the NFL. The variables examined are divided into offensive, defensive, and special teams categories. In addition, net turnovers, penalties, and off-field conduct, as measured by team arrests, are also...
This paper introduces an index called the adjusted churn, designed to measure competitive balance in sports leagues based on changes in team standings over time. This is a simple yet powerful index that varies between zero and one. A value of zero indicates no change in league standings from...
An experimental test of some qualitative predictions of the Kreps-Wilson (1982) model of reputation building is conducted in a version of a borrower-lender game first used experimentally by Colin Camerer and Keith Weigelt (1988). A systematic response to changes in the payoff function of...
This paper contains a statistical analysis of the factors that contribute to team wins in the NFL. The variables examined are divided into offensive, defensive, and special teams categories. In addition, net turnovers, penalties, and off-field conduct, as measured by team arrests, are also...
This paper introduces an index called the adjusted churn, designed to measure competitive balance in sports leagues based on changes in team standings over time. This is a simple yet powerful index that varies between zero and one. A value of zero indicates no change in league standings from...