The Illusion of Control, the Structure of Prizes and the Demand for Football Pools in Spain
AbstractUsing data for all the fixtures for the seasons from 1972-73 to 2002-03, we estimate a dynamic model of demand for football pools in Spain paying attention to whether their main economic explanatory variable is the effective price of a ticket or the jackpot. Additionally, we evaluate the importance of the composition of the list of games in terms of whether First Division matches are included or not. Results show that the jackpot model is preferred to the effective price model, having important implications in terms of how the structure of the game should be changed in order to increase demand.
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Bibliographic InfoPaper provided by International Association of Sports Economists in its series IASE Conference Papers with number 0436.
Date of creation: May 2004
Date of revision:
Other versions of this item:
- Jaume Garcia Villar & Plácido Rodríguez, 2005. "The illusion of control, the structures of prizes and the demand for football pools in Spain," Economics Working Papers 825, Department of Economics and Business, Universitat Pompeu Fabra.
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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