Contents for IJSF Issue 10:3
| IJFS 10:3 Authors: Nola Agha, Marijke Taks, Plácido Moreno, Sebastián Lozano, Stefan Kesenne, Thomas Peeters, Volker Robeck, Dennis Coates, Pamela Wicker, Rodney J. Paul, and Andrew P. Weinbach |
| Abstract:International Journal of Sport Finance, Volume 10, No. 3, August 2015. |
| A Theoretical Comparison of the Economic Impact of Large and Small Events, pp. 199-216 Authors: Nola Agha and Marijke Taks |
| Abstract:In response to the increasing debate on the relative worth of small events compared to large events, we create a theoretical model to determine whether smaller events are more likely to create positive economic impact. First, event size and city size are redefined as continuums of resources. The concepts of event resource demand (ERD) and city resource supply (CRS) are introduced, allowing for a joint analysis of supply and demand. When local economic conditions are brought into the analysis, the framework determines how a city resource deficiency or surplus affects the economic impact of an event. This resource-based approach assists public officials and event organizers in making more rational decisions for hosting events when they pursue positive economic impacts. Specifically, we find small events have a higher potential for positive economic impact and hosting multiple smaller-sized events is a better strategy than hosting a big event. |
| Estimation of Productivity Change of NBA Teams from 2006-07 to 2012-13 Seasons, pp. 217-241 Authors: Plácido Moreno and Sebastián Lozano |
| Abstract:The aim of this work is to evaluate the productivity change of the NBA teams during the last seven seasons (from 2006-07 to 2012-13). Within that period of time, a new collective bargaining agreement (CBA) of the National Basketball Association (NBA) was ratified before season 2011-12, ending a 161-day lockout. The Malmquist Productivity Index (MPI) has been used to measure the total factor productivity, while an input-oriented Network DEA approach is used to compute the distance of each observation to the corresponding frontier. The results reveal that there has been technological progress for the last few seasons, excluding that of the 2011 lockout, and an increasing efficiency change. This means that best practices are improving and that most teams have been reducing their payrolls to catch up with these practices, thus backing up the owners’ proposal to reduce players’ income. Also regression results show that changes in the number of wins are more dependent upon scale efficiency change than upon budget or efficiency changes. |
| Guest Editors’ Introduction, pp. 242-243 Authors: Stefan Kesenne and Thomas Peeters |
| Abstract:This special issue of the International Journal of Sports Finance (IJSF) presents a selection of papers presented at the 6th European Sport Economics Association (ESEA) Conference. The University of Antwerp hosted the ESEA annual conference September 3-5, 2014, at its historic city campus. Continuing the upward trajectory from previous meetings, the 2014 conference attracted 132 abstracts submitted for presentation at the event. The scientific committee accepted 93 of those for full conference presentations. Although most of the 150 participants came from European universities, we were happy to welcome colleagues from America, Asia, Australia, and Africa to the event. This again underlines the growing global appeal of ESEA and its annual conference. |
| Professional Cycling and the Fight Against Doping, pp. 244-266 Authors: Volker Robeck |
| Abstract:Doping seems to be well organized and inherent in the system of professional cycling. This paper provides a theoretical approach, by using a multi-task (training and doping) principal-agent (team manager and cyclist) model, to illustrate the information asymmetry and conflicting objectives between both actors. Three settings are used to represent different situations in which the fight against doping takes place with varying intensity. The comparison of the equilibria in each setting reveals the influence of the fight against doping on the team members’ behavior. The analysis shows that team managers are interested in doping, and that current anti-doping institutions cannot suppress the abuse of forbidden drugs. |
| Why Were Voters Against the 2022 Munich Winter Olympics in a Referendum?, pp. 267-283 Authors: Dennis Coates and Pamela Wicker |
| Abstract:In Munich, a referendum on a bid for the 2022 Winter Olympics was held in November 2013 and failed. This study analyzes the determinants of the percent of favorable votes using secondary data from all 52 communities involved in the referendum. The evidence suggests that potential host communities tended to have larger vote shares in favor of putting in a bid as did communities with higher rates of unemployment. In communities with a high share of votes for the Green and the Leftist party in the federal state elections, the percent of favorable votes for the Olympic bid was significantly lower. Moreover, the negative effect of the number of hotel beds per capita suggests that voters were concerned with crowding-out of regular tourists during the Olympics. Local politicians and bidding committees could use this information to better understand the local population and to improve their support for hosting Olympic Games. |
| The Betting Market as a Forecast of Television Ratings for Primetime NFL Football, pp. 284-296 Authors: Rodney J. Paul and Andrew P. Weinbach |
| Abstract:Television ratings for Sunday and Monday night NFL football are examined using betting market prices as explanatory variables. Primetime broadcasts are shown to respond positively to the win percentages of the teams playing and the expected amount of scoring measured by the betting market total. The point spread, measuring uncertainty of outcome, is found to have a negative, but insignificant effect on ratings. Betting market volume is shown to be influenced by the same factors as ratings, and the residuals of betting volume, known before the game is played, is shown to have a positive and significant effect on ratings. |
