Attendance and the Uncertainty-of-Outcome Hypothesis in Baseball

Attendance and the Uncertainty-of-Outcome Hypothesis in Baseball Sports offer interesting insights into demand due to the added twist of fan preferences for outcome uncertainty. We add to and amend previous work by analyzing the time series behavior of Major League Baseball attendance (1901–2003) using break point analysis, exploring a wide variety of measures of game uncertainty, playoff uncertainty, and consecutive season uncertainty. Only playoff uncertainty is statistically significant, and it is economically significant only for (1) truly ambitious intervention and (2) recent history. The policy implication is that actual league choices may be motivated by wealth redistribution rather than concerns over competitive balance. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Attendance and the Uncertainty-of-Outcome Hypothesis in Baseball

Loading next page...
 
/lp/springer_journal/attendance-and-the-uncertainty-of-outcome-hypothesis-in-baseball-GrsAuCpL8m
Publisher
Springer US
Copyright
Copyright © 2008 by Springer Science+Business Media, LLC.
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-008-9193-9
Publisher site
See Article on Publisher Site

Abstract

Sports offer interesting insights into demand due to the added twist of fan preferences for outcome uncertainty. We add to and amend previous work by analyzing the time series behavior of Major League Baseball attendance (1901–2003) using break point analysis, exploring a wide variety of measures of game uncertainty, playoff uncertainty, and consecutive season uncertainty. Only playoff uncertainty is statistically significant, and it is economically significant only for (1) truly ambitious intervention and (2) recent history. The policy implication is that actual league choices may be motivated by wealth redistribution rather than concerns over competitive balance.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Nov 1, 2008

References

  • Computation and analysis of multiple structural change models
    Bai, J.; Perron, P.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve Freelancer

DeepDyve Pro

Price
FREE
$49/month

$360/year
Save searches from
Google Scholar,
PubMed
Create lists to
organize your research
Export lists, citations
Read DeepDyve articles
Abstract access only
Unlimited access to over
18 million full-text articles
Print
20 pages/month
PDF Discount
20% off