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Articles 31 - 39 of 39
Full-Text Articles in Other Economics
The Evolution Of The Music Industry In The Post-Internet Era, Ashraf El Gamal
The Evolution Of The Music Industry In The Post-Internet Era, Ashraf El Gamal
CMC Senior Theses
The rise in the prevalence of the Internet has had a wide range of implications in nearly every industry. Within the music business, the turn of the millennium came with a unique, and difficult, set of challenges. While the majority of academic literature in the area focuses specifically on the aspect of file sharing within the Internet as it negatively impacts sales within the recording sector, this study aims to assess the Internet’s wider impacts on the broader music industry. In the same time that record sales have plummeted, the live music sector has thrived, potentially presenting alternative business models …
Do Nba Fans Discriminate Against Race Or Nationality?, Peter Meyer
Do Nba Fans Discriminate Against Race Or Nationality?, Peter Meyer
CMC Senior Theses
Previous work found evidence that the racial composition of NBA teams was positively correlated with the racial composition of their metropolitan market areas during the 1990s. This paper finds continued evidence of this relationship in the 2000s, with an accompanying attendance boost from the incorporation of white players on teams located in whiter areas. There is also evidence that white players receive a salary premium relative to black players of equal performance quality. An examination of player performance indicates that demand for foreign players with the skill set of a forward or center is higher than demand for players of …
Public Dollar Private Owners; Tax Subsidies For New Stadiums In Professional Sports, Grant J. Bunnage
Public Dollar Private Owners; Tax Subsidies For New Stadiums In Professional Sports, Grant J. Bunnage
CMC Senior Theses
The growing popularity of North American professional sports over the last twenty years directly coincides with the recent trend of urban communities using tax dollars to publically subsidize professional football, baseball, and basketball stadiums. Communities across North America invest substantial amount of public tax dollars in private facilities in light of a consensus among policy analysts that the economic impact of the new stadium is greatly exaggerated. The economic impact of new stadiums has been extensively researched, the focus of this paper rather, is to examine the impact publically subsidized facilities built in the last twenty years have on the …
Tie The Knot Or You Tighten The Noose? The Current Effect Of Pre-Marital Cohabitation On Marriage Survival Rates, Matthew D. Beienburg
Tie The Knot Or You Tighten The Noose? The Current Effect Of Pre-Marital Cohabitation On Marriage Survival Rates, Matthew D. Beienburg
CMC Senior Theses
Pre-marital cohabitation has become a mainstream practice among couples in the United States, yet initial empirical evidence demonstrated significant correlations between cohabitation and subsequent marital instability. Later studies disputed a causal relation and have attempted to show a weakened connection over time, but have themselves suffered from the use of exclusively older and/or unreliable data. This paper uses figures from the National Longitudinal Survey of Youth (1997-08) and the National Survey of Family Growth (2006-08) to provide an updated analysis of cohabitation’s effect on marriage over the past decade. Using proportional hazard and competing risk models, this paper confirms a …
Energy Efficiency Technologies For Buildings: Potential For Energy, Cost, And Carbon Emission Savings, Bukola S. Jimoh
Energy Efficiency Technologies For Buildings: Potential For Energy, Cost, And Carbon Emission Savings, Bukola S. Jimoh
CMC Senior Theses
Buildings are a significant energy consumer and are responsible for an increasingly large percent of worldwide greenhouse gas emissions, currently between 30 and 40 percent. Energy efficiency presents unique opportunities for building owners to reduce their environmental footprint and add value through cost savings, tax deductions, and increased market value. An analysis of 183 samples of efficiency measures in seven technology categories found that 74% of efficiency investments had a positive net present value. Building automation system and chiller plant improvements had the highest mean energy and carbon dioxide savings per square foot. Additionally, building automation systems had, on average …
Blood Money: A Study Of The Effect Of Fighting On Player Salaries In The National Hockey League, Matthew G. Morton
Blood Money: A Study Of The Effect Of Fighting On Player Salaries In The National Hockey League, Matthew G. Morton
CMC Senior Theses
Fighting has been a centerpiece of the National Hockey League since it was formed in 1917. Although rules have been introduced regulating the physicality of play in the NHL, fighting is demanded—and encouraged—by fans and players alike. Fans have long been attracted to the violence of professional hockey; previous studies have documented that professional hockey is a “blood sport” that generates revenues with violence. This research investigates the effect of fighting on player salaries in the NHL, examining the way in which fighting has become a strategic element of the game, describing the way players enforce their own “Code” of …
Winning Off The Field: The Determinants Of Mlb Franchise Value, David F. Ulrich
Winning Off The Field: The Determinants Of Mlb Franchise Value, David F. Ulrich
CMC Senior Theses
This paper examines the underlying drivers of MLB franchise value. Using panel data for MLB teams from 2000-2010, I find that a team’s ballpark and metro-area market are significant determinants, yet revenues truly drive value. Further, I find that incremental increases in winning percentage by a particular team has an insignificant effect on total revenues and has no marginal impact on the value of the team, particularly if the team recognizes consistent revenue streams every year. Finally, I show that the modern sabermetric approach to player management negatively impacts firm value, suggesting that although small market teams have been successful …
Some Professionals Play Minimax: A Reexamination Of The Minimax Theory In Major League Baseball, Jeffrey Park
Some Professionals Play Minimax: A Reexamination Of The Minimax Theory In Major League Baseball, Jeffrey Park
CMC Senior Theses
This paper explores the behavior of Major League Baseball pitchers. We analyze the pitching data from 2007-2010 in order to determine whether their actions follow minimax play. We also examine what the OPS statistic tells us about a pitcher's value.
An Economic Impact Study Of The "Boom" Period Of Baseball Stadium Redevelopment, Emily Mcnab
An Economic Impact Study Of The "Boom" Period Of Baseball Stadium Redevelopment, Emily Mcnab
CMC Senior Theses
The intention of this study is to analyze the economic impact of redeveloped Major League Baseball stadiums opened between 1991 and 2004. Using two empirical models, including an event study, this impact analysis captures the economic conditions of the cities during the opening year of the stadium, as well as the prior conditions leading up to the opening of the stadium, along with any lingering effects or gradual changes in conditions. The impact was measured in relation to the Metropolitan Statistical Areas corresponding to the 18 ballparks included, specifically looking at the impact on employment rates and per capita personal …