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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
An Analysis Of The Secondary Market For Live Music And Complementary Goods, Trevor Wangsness
An Analysis Of The Secondary Market For Live Music And Complementary Goods, Trevor Wangsness
Major Themes in Economics
Ticket scalpers exist because ticket prices in the primary market are often set below the market equilibrium price. The question is why are prices consistently set too low? One theory says that the desire to sell complementary goods such as concert memorabilia explains why ticket price are set below equilibrium. Technological improvements, however, have rendered that theory obsolete. Economic theory still does not explain why ticket prices are frequently set too low. Perhaps the reason is simply that artists do not want to gouge their fans.
Introduction, Ken Mccormick
Using The Home-Underdog Theory To Test The Efficiency Of The Nfl Sports Gambling Market, Dj Loutsch
Using The Home-Underdog Theory To Test The Efficiency Of The Nfl Sports Gambling Market, Dj Loutsch
Major Themes in Economics
NFL sports gambling markets are efficient if one strategy is not consistently profitable year after year. The analysis in this paper examines the efficient market hypothesis using the home-underdog theory. The data were collected for home-underdogs for the last 10 NFL seasons. Important filters were applied to examine potential variations of the home-underdog theory that may be profitable. There was no variation of the home-underdog theory that was consistently profitable year after year. There were 5 different variations that were profitable in the 10 years, but they were not profitable every year. The results provide evidence that the NFL sports …
Measuring Earnings Through Performance: A Replication Of The Return To Skill Of Pga Tour Golfers, Chase A. Collins
Measuring Earnings Through Performance: A Replication Of The Return To Skill Of Pga Tour Golfers, Chase A. Collins
Major Themes in Economics
The golfers on the Professional Golfers Association (PGA) Tour provide an opportunity to examine the relationship between performance and earnings. Using PGA Tour data from 2010 and the 2018-2019 season, this paper replicates previous studies exploring the returns to skill and changes in return to skill over time of PGA golfers. Average driving distance, average driving accuracy, greens in regulation (GIR), putts per GIR, sand saves, number of events competed in, and two interaction terms are found to be statistically significant. The idea that returns to skills for PGA golfers are changing over time is supported in this paper.
Can Doing Good Reduce Risk? Corporate Social Responsibility And Risk For Firms In Controversial Industries, Emily Iehl
Can Doing Good Reduce Risk? Corporate Social Responsibility And Risk For Firms In Controversial Industries, Emily Iehl
Major Themes in Economics
A firm’s main goal is to add firm value. There are many ways to do this: increase sales, advertise, change management, and, possibly, doing good for the environment, employees, and others. The latter approach is often called corporate social responsibility. This paper tests to see if corporate social responsibility will reduce risk for a firm. There are two hypotheses created by Jo and Na (2012): the risk reduction hypothesis and the window-dressing hypothesis. Jo and Na conclude that corporate social responsibility in controversial firms can help reduce firm risk. However, my results do not show that.