There was a problem with the blog that resulted in readers not being able to see its design. As a result, readers would see the blog as if it were created by a novice html programmer programming by hand circa 1996. Now that I have it fixed, you can (obviously see the design). Also, you can access the blog through www.marketpowerblog.com or marketpower.blogspot.com.
CALL FOR PAPERS IX GIJON CONFERENCE ON SPORTS ECONOMICS “NEALE GOLDEN ANNIVERSARY” MAY 9TH- 10TH 2014
The annual conference of the Sports Economics Observatory Foundation (FOED, University of Oviedo) will be held in Gijon (Spain) at the Paraninfo of Laboral, Faculty of Commerce, Tourism and Social Sciences Jovellanos, May 9-10, 2014 (Friday and Saturday).
Individuals are invited to submit unpublished communications related to any topic and issue related to Walter Neale’s article “The Peculiar Economics of Professional Sports: A Contribution to the Theory of the Firm in Sporting Competition and in Market Competition” published in the Quarterly Journal of Economics in 1964. There will be a special session on the 'single entity' idea of a sport league.
All of the submissions will be assessed by a scientific committee.
Accommodation and meals during the conference are the responsibility of the organization.
Abstracts submission: until February 15. Papers selected: March, 2. Final paper: May, 30.
Several papers will be selected to be published in a special issue of the Journal of Sport Economics. The rest of the papers will be published in a book edited by the organizers.
Scientific Committee Chairman: Késenne, Stefan. Professor of Economics at the University of Antwerp and Leuven, Belgium.
Members: Andeff, Wladimir. Professor of Economics at Paris 1 Pantheón Sorbona, France. Baade, Robert. Professor of Economics at Lake Forest College, Chicago, United States. Frick, Bernd. Professor of Economics at the University of Paderborn, Germany. Fort, Rodney. Professor of Sport Management at the Universidad of Michigan, United States. García, Jaume. Professor of Applied Economics at the Universitat Pompeu Fabra in Barcelona. Otero-Moreno, José María. Professor of Applied Economics at the University of Malaga, Spain. Noll, Roger. Professor Emeritus of Economics at Stanford University, United States. Szymanski, Stefan. Professor of Economics at the Cass Business School. City University. London, UK. Vrooman, John. Professor of Economics at the Vanderbilt University, United States.
Organizing Committee Plácido Rodríguez Stefan Késenne Jaume García
Dennis Coates of the University of Maryland - Baltimore County is organizing sports economics sessions for the North American Association of Sports Economists (NAASE) to be held at this years Southern Economics Association (SEA) conference in Atlanta. Here is the CFP:
The North American Association of Sports Economists (NAASE) is again organizing sports economics sessions at the Southern Economic Association (SEA) conference. The conference will be held November 22-24, 2014 in Atlanta, Georgia. The basic format of the NAASE sessions will be the same as in the past. I hope to have several complete sessions to take to the SEA organizers to assure us of a good room and good session times.
If you have a sports economics paper you would like to present in Atlanta, please email Dennis Coates (see below for contact information) a title and full contact information including post and email addresses. Your submission must contain full contact information for all co-authors.
Here is the contact information for the session organizer:
You'll have to watch the video for information about the Stoner Bowl. Here is the link to Chef John's page describing his prediction method in detail. I smell a future Journal of Sports Economics paper examining this betting method. Or maybe that's lunch that I smell.
If you aren't already aware, there is an interesting legal battle going on at Wrigley Field. The Cubs ownership wants to install a video board, but this board would block the view from the neighboring rooftops. The interesting economic question to me involves both externalities. As it is right now, the Cubs generate a positive externality in the form of games being viewable from neighboring rooftops. Putting a large video board along the outfield wall would block this view to some extent.
The research, done by The Center for Educational Technology, asserts that video games — even violent ones — are beneficial for children on a scale much bigger than originally thought. The claims are in contradiction to other studies that found that extended gaming led to depression, anxiety and stunted social development, not to mention the physical effects brought on by long hours of sitting. Some studies have also linked between video games and increased violent behavior in children, arguing that simulated violence leads to real-life violence.
The center’s research involved over 1,000 children and adolescents ages six to 18, and concluded that video games were more than just entertainment; they improved learning, cognitive and interpersonal abilities, according to the study.
“They are exposed to a lot of content, be it English, math, history,” researcher Avi Warshavsky told Channel 2 news, where a report about the news study was aired. “A game is also a place where you learn failure, because you can lose a game. Failure is part of the picture. In school, they try to teach us the opposite. We’re not supposed to fail. We have to get good grades. And here there’s a psychological atmosphere that encourages second chances, which is much healthier, because it reflects real life.”
Steven Levitt offered a theory similar to the pr0n one given above.
Maybe the biggest effect of all of having these violent video games is that they’re super fun for people to play, especially adolescent boys, maybe even adolescent boys who are prone to real violence. And so if you can make video games fun enough, then kids will stop doing everything else. They’ll stop watching TV, they’ll stop doing homework, and they’ll stop going out and creating mayhem on the street.
We used to have a rule in the house that there would be rated-M PlayStation games in our house until our youngest reached 13. We bent that rule after awhile to get our kids in the habit of making their beds first thing in the morning (it worked). We told them if they made their beds each morning without being told, we'd by a Call of Duty game. Perhaps we need to bend the rule further sometime in the next year and a quarter before our youngest hits thirteen.
Do sports league policies sometimes result in perverse incentives? In a 2002 Journal of Labor Economics paper, Beck Taylor and Justin Trogdon examined if changes in the draft sturcutre in the NBA generated the incentive to intentionally lose games. They collected data on three different seasons with different draft structures and examined what factors determine whether a particular team wins a game. Not surprisingly, playing at home or on a neutral court improves the odds of winning, as does having a higher win percent coming into the game. Playing a better opponent, also not surprisingly, hurts.
Interestingly, though, they found that when there was either a strict reverse-order draft or a weighted lottery system, non-playoff teams were more likely to lose than playoff teams. However, when the NBA had a lottery system to determine draft position, playoff status had no impact on winning.
So there is some evidence out there in the academic Econ literature that league policies can lead to perverse incentives.
All that being said, allegations of intentionally playing to lose had been levied against an Australia Rules Football League team, the Melbourne Demons. An "independent report" cleared the Demons of these charges, but what surprises me is that the AFL itself and some of its member teams have a financial interest in sports gambling. For example, the Demons owns the Bentleigh Club and the Leighoak Hotel which, together, own 172 gaming machines. From the operations of these machines, the Demons recieve about $5 million in revenue (source).
That's unusual to me since American sports leagues have gone through great pains over their histories to keep gambling at bay, lest it threatens the integrity of competition.