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The Culture Map
Outcome Uncertainty in Sporting Events
Winning, Losing and Competitive Balance1009
Offering a cutting-edge analysis of competitive balance and outcome uncertainty, this book explores the topic from multiple perspectives. Chapters address competitive balance and outcome uncertainty in different sports in a range of countries to help understand its significance. Highlighting important new insights into previously unexplored dimensions, the book also provides a rich context for better understanding why fans, teams and leagues value competitive balance. It challenges readers to think about the topic in a broad and rigorous way, and in some cases to question widely held beliefs about how outcome uncertainty motivates competitive balance and how sports fans actually view competitive balance. Key case studies and the use of new data in the chapters makes this an interesting read for sports economics researchers and students looking for current analysis of the topic. Managers of sports organizations will also appreciate the insights that the book gives into what their customers value. Contributors include: A. Barajas, O. Budzinski, D. Coates, J. del Corral, A. Feddersen, B. Frick, T. Gasparetto, C. Gomez-Gonzalez, T.J. Gopane, B.R. Humphreys, S. Jenkins, S. Kesenne, M. Lowrance, J. Miller, K.T. Mokgatle, J. Price, J. Reade, P. Rodriguez, L.C. Sanchez, P. Sanchez-Fernandez, E.F. Stephenson, H. Winner
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'The thought-provoking chapters in this volume represent a great contribution to the debate in sports on competitive balance and outcome uncertainty. The authors provide state-of-frontier analysis and practical policy discussion. The volume is essential reading for academics, students and stakeholders in the sports sector.' --Robert Simmons, Lancaster University, UK
Edited by Placido Rodriguez, University of Oviedo, Spain, Stefan Kesenne, University of Antwerp and KU Leuven, Belgium and Brad R. Humphreys, Department of Economics, West Virginia University, US
Contents: Introduction 1.- Oliver Budzinski (Ilmenau University of Technology, Germany) and Arne Feddersen (University of Southern Denmark, Denmark): Measuring Competitive Balance in Formula One Racing. 2.- Carlos Gomez-Gonzalez (University of Castilla-La Mancha, Spain) and Julio del Corral (University of Castilla-La Mancha, Spain): Professional tennis in the 21st century: Hawk eye on competitive balance. 3.- Stephen Jenkins (Berry College, USA), E. Frank Stephenson (Berry College, USA): When Teammates are a Drag: The Effect of "Spingate" on the Benefit of NASCAR Drivers Having Teammates. 4.- Mikala Lowrance (Southern Utah University, USA), Jacob Miller (Southern Utah University, USA) and Joshua Price(Southern Utah University, USA): Game, Set, Match, and Loss Aversion in Tennis. 5.- Bernd Frick (Paderborn University, Germany and Schloss Seeburg University, Austria and Hannes Winner (Paris-Lodron-University Salzburg, Austria): Deferred Compensation when Monitoring is (Nearly) Costless: Evidence from Professional Football. 6.- J. James Reade (University of Reading, Great Britain): A highly disaggregated look at competitive balance. 7.- Thadeu Gasparetto (National Research University Higher School of Economics, Russia) and Angel Barajas (National Research University Higher School of Economics, Russia): The competitiveness of football at the national team-level. 8.- Luis Carlos Sanchez (University of Vigo, Spain), Angel Barajas (National Research University Higher School of Economics, Russia) and Patricio Sanchez-Fernandez (University of Vigo, Spain): The Price of Football Depends on the Owner of the Ball and the Unbalance of the League. 9.- Stefan Kesenne (University of Antwerp and KU Leuven, Belgium): Do Football Spectators like Dynasties? Long-term Uncertainty of Outcome and Stadium Attendances. 10.-Thabo J. Gopane (University of Johannesburg, South Africa) and Khumo T. Mokgatle (University of Johannesburg, South Africa): Empirical Analysis of Match Outcome Uncertainty on Soccer Attendance: Evidence from South Africa. 11.- Dennis Coates (University of Maryland, USA) and Brad R. Humphreys (West Virginia University, USA): Outcome Uncertainty, Home Win Preference, and Econometric Identification of the Game Uncertainty-Attendance Relationship. Index