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Attendance and the Uncertainty-of-Outcome Hypothesis in Baseball

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  • Young Lee

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  • Rodney Fort

    ()

Abstract

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Suggested Citation

  • Young Lee & Rodney Fort, 2008. "Attendance and the Uncertainty-of-Outcome Hypothesis in Baseball," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 33(4), pages 281-295, December.
  • Handle: RePEc:kap:revind:v:33:y:2008:i:4:p:281-295
    DOI: 10.1007/s11151-008-9193-9
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    References listed on IDEAS

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    1. Hunt, Joseph W, Jr & Lewis, Kenneth A, 1976. "Dominance, Recontracting, and the Reserve Clause: Major League Baseball," American Economic Review, American Economic Association, vol. 66(5), pages 936-943, December.
    2. Brad R. Humphreys, 2003. "The Anova-Based Competitive Balance Measure," Journal of Sports Economics, , vol. 4(1), pages 81-82, February.
    3. Andrew S. Zimbalist, 2002. "Competitive Balance in Sports Leagues: An Introduction," Journal of Sports Economics, , vol. 3(2), pages 111-121, May.
    4. Bruce R. Domazlicky & Peter M. Kerr, 1990. "Baseball Attendance and the Designated Hitter," The American Economist, Sage Publications, vol. 34(1), pages 62-68, March.
    5. Martin B. Schmidt & David J. Berri, 2001. "Competitive Balance and Attendance," Journal of Sports Economics, , vol. 2(2), pages 145-167, May.
    6. E. Woodrow Eckard, 2003. "The Anova-Based Competitive Balance Measure," Journal of Sports Economics, , vol. 4(1), pages 74-80, February.
    7. Martin B. Schmidt & David J. Berri, 2003. "On the Evolution of Competitive Balance: The Impact of an Increasing Global Search," Economic Inquiry, Western Economic Association International, vol. 41(4), pages 692-704, October.
    8. Dennis Coates & Thane Harrison, 2004. "Baseball Strikes and the Demand for Attendance," UMBC Economics Department Working Papers 04-101, UMBC Department of Economics.
    9. Stefan Szymanski, 2003. "The Economic Design of Sporting Contests," Journal of Economic Literature, American Economic Association, vol. 41(4), pages 1137-1187, December.
    10. Perron, Pierre, 1989. "The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis," Econometrica, Econometric Society, vol. 57(6), pages 1361-1401, November.
    11. Sloane, Peter J, 1971. "The Economics of Professional Football: The Football Club as a Utility Maximiser," Scottish Journal of Political Economy, Scottish Economic Society, vol. 18(2), pages 121-146, June.
    12. Jushan Bai & Pierre Perron, 2003. "Computation and analysis of multiple structural change models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(1), pages 1-22.
    13. Whitney, James D, 1993. "Bidding Till Bankrupt: Destructive Competition in Professional Team Sports," Economic Inquiry, Western Economic Association International, vol. 31(1), pages 100-115, January.
    14. Martin B. Schmidt & David J. Berri, 2004. "The Impact of Labor Strikes on Consumer Demand: An Application to Professional Sports," American Economic Review, American Economic Association, vol. 94(1), pages 344-357, March.
    15. J. C. H. Jones & J. A. Schofield & D. E. A. Giles, 2000. "Our fans in the north: the demand for British Rugby League," Applied Economics, Taylor & Francis Journals, vol. 32(14), pages 1877-1887.
    16. Martin Schmidt, 2001. "Competition in Major League Baseball: the impact expansion," Applied Economics Letters, Taylor & Francis Journals, vol. 8(1), pages 21-26.
    17. Whitney, James D, 1988. "Winning Games versus Winning Championships: The Economics of Fan Interest and Team Performance," Economic Inquiry, Western Economic Association International, vol. 26(4), pages 703-724, October.
    18. Eckard, E Woodrow, 2001. "Free Agency, Competitive Balance, and Diminishing Returns to Pennant Contention," Economic Inquiry, Western Economic Association International, vol. 39(3), pages 430-443, July.
    19. Martin Schmidt & David Berri, 2002. "The impact of the 1981 and 1994-1995 strikes on Major League Baseball attendance: a time-series analysis," Applied Economics, Taylor & Francis Journals, vol. 34(4), pages 471-478.
    20. E. Woodrow Eckard, 2001. "Baseball’s Blue Ribbon Economic Report," Journal of Sports Economics, , vol. 2(3), pages 213-227, August.
    21. Brad R. Humphreys, 2002. "Alternative Measures of Competitive Balance in Sports Leagues," Journal of Sports Economics, , vol. 3(2), pages 133-148, May.
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    Citations

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    Cited by:

    1. Young Hoon Lee, 2013. "Estimation of temporal variations in fan loyalty: application of multi-factor models," Chapters,in: The Econometrics of Sport, chapter 8, pages 135-153 Edward Elgar Publishing.
    2. Petr A. Parshakov & Kseniya O. Baydina, 2017. "Brands or Uncertainty? An Empirical Test of the Uncertainty of Outcome Hypothesis in Russian Football," HSE Working papers WP BRP 163/EC/2017, National Research University Higher School of Economics.
    3. Scott Tainsky & Monika Stodolska, 2010. "Population Migration and Team Loyalty in Professional Sports," Social Science Quarterly, Southwestern Social Science Association, vol. 91(3), pages 801-815.
    4. Thadeu Gasparetto & Carlos Fernandez-Jardon & Angel Barajas, 2014. "Brand Teams And Distribution Of Wealth In Brazilian State Championships," HSE Working papers WP BRP 30/MAN/2014, National Research University Higher School of Economics.
    5. Martin Grossmann & Helmut Dietl & Markus Lang, 2010. "Revenue Sharing and Competitive Balance in a Dynamic Contest Model," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 36(1), pages 17-36, February.
    6. Schreyer, Dominik & Schmidt, Sascha L. & Torgler, Benno, 2016. "Against all odds? Exploring the role of game outcome uncertainty in season ticket holders’ stadium attendance demand," Journal of Economic Psychology, Elsevier, vol. 56(C), pages 192-217.
    7. Brian Mills & Rodney Fort, 2014. "League-Level Attendance And Outcome Uncertainty In U.S. Pro Sports Leagues," Economic Inquiry, Western Economic Association International, vol. 52(1), pages 205-218, January.
    8. Young Hoon Lee & Yongdai Kim & Sara Kim, 2016. "A Bias-Corrected Estimator of Competitive Balance in Sports Leagues," Working Papers 1611, Research Institute for Market Economy, Sogang University.
    9. Scott Tainsky & Jason Winfree, 2010. "Short-Run Demand and Uncertainty of Outcome in Major League Baseball," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 37(3), pages 197-214, November.
    10. Steven Salaga & Rodney Fort, 2017. "Structural Change in Competitive Balance in Big-Time College Football," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 50(1), pages 27-41, February.
    11. Dmitry I. Ignatov & Sergey I. Nikolenko & Taimuraz Abaev & Jonas Poelmans, 2014. "Improving Quality Of Service For Radio Station Hosting: An Online Recommender System Based On Information Fusion," HSE Working papers WP BRP 31/MAN/2014, National Research University Higher School of Economics.
    12. Craig A. Depken II & Peter A. Groothuis & Mark C. Strazicich, 2016. "The Rise and Fall of the Enforcer in the National Hockey League," Working Papers 16-12, Department of Economics, Appalachian State University.
    13. Lei Xinrong & Humphreys Brad R., 2013. "Game importance as a dimension of uncertainty of outcome," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 9(1), pages 25-36, March.

    More about this item

    Keywords

    Attendance; Outcome uncertainty; Break point analysis; L83; C22;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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