- Friday 17 Feb 2023, 11:30 - 22:00
Excelsior Stadium Woudestein
- Ticket information
Participation fee of 50 euros
ECASE is proud to announce its 6th Workshop on 'Using Sports in Economics and Management Research'. The programme includes five interesting presentations by a mix of leading and up-and-coming international speakers. Please join us on 17 February at the Excelsior Stadium.
|Paper Presentations |
Note: 15 minute break between each presentation
|13:00-13:45||Gabor Bekes (Central European University, KRTK and CEPR)|
|14:00-14:45||Peter Dolton (University of Sussex)|
|15:00-15:45||Bernd Frick (University of Paderborn)|
|16:00-16:45||Rachel Scarfe (University of Edinburgh)|
|17:00-17:45||Francesco Principe (University of Bergamo and ECASE)|
|18:00-22:00||Dinner at the Excelsior Stadium|
Abstracts of papers
The scores of World Cup matches are inherently difficult to predict. We examine the predictions of every game in the 2022 Qatar World Cup by professional football ‘pundits’, sophisticated betting houses (‘bookies’) which use AI techniques and compare them with 20 amateur pundits. We condition on team form, FIFA standings and team composition effects and explore the extent to which the market (bookies) are better at prediction than the experts or the amateurs. The amateurs were predicting under experimental conditions and the role of learning, uncertainty and risk aversion is examined with the data, as is the role of experimental fatigue and mini-league friendly rivalry. Side issues of how to model discrete pairwise integer values of the scores is discussed along with the problem of creating the most desirable scoring system in prediction. The possibility of ‘bounce back’ results after shock upsets are examined as is the inherent differences between first and last group games and knock out matches.
A salary cap (typically negotiated between team owners and the respective players’ union) is a rule that places a limit on the amount of money that clubs can pay to their players. It is designed to promote parity between teams and to control costs. In this paper I use longitudinal data from all teams in the four Major Leagues in the US over a period of 20 years (2000-2021) to assess the impact of different salary cap regulations on the clubs’ profitability. While the National Hockey League and the National Football League have both implemented a “hard cap” that is difficult to circumvent, the National Basketball association has implemented a “soft cap”, the regulations of which can be easily avoided. Finally, Major League Baseball has implemented a luxury tax only, an arrangement in which teams whose payroll exceeds a certain figure are taxed on the excess amount they pay. My estimations show that in leagues with a hard cap the revenue-profitability-relationship is much closer than in leagues with a soft cap or no cap at all, suggesting that salary caps primarily serve the purpose to control costs. In the NHL and in the NFL each additional revenue dollar increases owner profits by about 66 cent, while in the NFL the respective amount is 47 cent and in MLB 25 cent only.
There is an inverted u-shaped relationship between age and wages in most labour markets and occupations, but the effects of age on productivity are often unclear. We use panel data on productivity and salaries in a market of high earners, professional footballers in North America, to estimate age-productivity and age-wage profiles. We find stark differences between these profiles; wages continue to increase for several years after productivity has peaked. This discrepancy poses the question: why are older workers seemingly overpaid relative to their contemporaneous productivity? The richness of our dataset allows us to consider a range of possible mechanisms that could be responsible, including institutional factors, unobserved elements of productivity, and a talent discovery theory, by which risk averse teams pay younger players less because their productivity is less well-known.
We investigate the role of local amenities in shaping compensating wage differentials in labour markets populated by superstars. Using 10 years of longitudinal data on workers productivity as well as information on firms and location amenities, we evaluate whether workers are willing to pay to join a better firm and if firms with undesirable attributes must provide higher wages to attract workers. By accounting for unobserved workers heterogeneity, we show that superstars receive positive wage differentials for lower location amenities as well as riskier employments.
Co-author: Mattia Filomena
Excelsior Stadium Woudestein
Address: Honingerdijk 110, 3062 NX Rotterdam
Participation in the conference is open to all interested parties, including academics, students, journalists, and industry stakeholders. ECASE charges a participation fee of 50 euros. This includes access to the lunch, dinner, and coffee breaks.
You will receive a confirmation of your registration. An invoice for the participation fee will be sent by e-mail.