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Using data on annual giving (between 1990 and 2004) for more than 22,000 active alumni from a highly selective liberal arts college, the authors employ a probit framework to analyze the likelihood of giving and a tobit framework to analyze the determinants of alumni generosity. Both the...
Consistency is sought after by professional golfers and commended by analysts, but tournament theory predicts that inconsistency is beneficial when the reward scheme is top heavy. Simulating a typical tournament and adjusting each player's standard deviation, the author finds that all players...
Panel models are used to estimate the determinants of local revenues in Major League Baseball. This article updates a previous study by Burger and Walters (2003) with additional data and panel techniques. Consistent with their results, this study finds that market size does matter as a...
This article identifies different groups in a cost function framework of soccer clubs in the Spanish Football League First Division. In particular, we have clustered the sample— comprising data for seasons 1994/1995 to 2004/2005—into three groups. To do so, we have implemented a stochastic...
A structural model is derived describing the relationship between the probability that the favored team is victorious and the point spread through the use of a "no-arbitrage'' condition. A series of probit models are developed that show that NFL wagering markets were efficient within season...
In this article, the authors use data collected from nearly 4,000 single-family residences in Auburn, Alabama to investigate empirically whether nonpolitical expressiveness (displaying support for Auburn University's football team outside one's home) is related to the probability that at least...
Applying stochastic frontier analysis, we estimate distance to frontier of countries in the production of success at the Summer Olympic Games since the 1950s. Our measures of success are medal shares and a broader concept including Olympic diplomas. Following Bernard and Busse (2004), population...
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