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What Can We Learn About Economics from Sport during Covid-19?

Author

Listed:
  • Carl Singleton

    (Department of Economics, University of Reading)

  • Alex Bryson

    (Department of Quantitative Social Science, Institute of Education)

  • Peter Dolton

    (Department of Economics, University of Sussex)

  • J. James Reade

    (Department of Economics, University of Reading)

  • Dominik Schreyer

    (Wissenschaftliche Hochschule für Unternehmensführung (WHU))

Abstract

The economics of sport and how sport provides insights into economics have experienced exogenous shocks from Covid-19, facilitating many natural experiments. These have provided partial answers to questions of: how airborne viruses may spread in crowds; how crowds respond to the risk and information about infection; how the absence of crowds may affect social pressure and arbitration decisions; and how quickly betting markets respond to new information. We review this evidence and advise how sports economics research could continue to be most valuable to policymakers.

Suggested Citation

  • Carl Singleton & Alex Bryson & Peter Dolton & J. James Reade & Dominik Schreyer, 2021. "What Can We Learn About Economics from Sport during Covid-19?," Economics Discussion Papers em-dp2021-01, Department of Economics, University of Reading.
    • Handle: RePEc:rdg:emxxdp:em-dp2021-01
    as

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    File URL: http://www.reading.ac.uk/web/FILES/economics/emdp202101.pdf
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    References listed on IDEAS

    as
    1. Bryson, Alex & Dolton, Peter & Reade, J. James & Schreyer, Dominik & Singleton, Carl, 2021. "Causal effects of an absent crowd on performances and refereeing decisions during Covid-19," Economics Letters, Elsevier, vol. 198(C).
    2. Alexander Ahammer & Martin Halla & Mario Lackner, 2020. "Mass Gatherings Contributed to Early COVID-19 Spread: Evidence from US Sports," CDL Aging, Health, Labor working papers 2020-03, The Christian Doppler (CD) Laboratory Aging, Health, and the Labor Market, Johannes Kepler University Linz, Austria.
    3. Bar-Eli, Michael & Krumer, Alex & Morgulev, Elia, 2020. "Ask not what economics can do for sports - Ask what sports can do for economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 89(C).
    4. J. James Reade & Dominik Schreyer & Carl Singleton, 2021. "Stadium attendance demand during the COVID-19 crisis: early empirical evidence from Belarus," Applied Economics Letters, Taylor & Francis Journals, vol. 28(18), pages 1542-1547, October.
    5. Gary S. Becker & Yona Rubinstein, 2011. "Fear and the Response to Terrorism: An Economic Analysis," CEP Discussion Papers dp1079, Centre for Economic Performance, LSE.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Pascal Flurin Meier & Raphael Flepp & Egon Franck, 2021. "Are sports betting markets semistrong efficient? Evidence from the COVID-19 pandemic," Working Papers 387, University of Zurich, Department of Business Administration (IBW).
    2. Brad R. Humphreys & Gary A. Wagner & John C. Whitehead & Pamela Wicker, "undated". "Willingness to pay for COVID-19 environmental health risk reductions in consumption: Evidence from U.S. professional sports," Working Papers 21-05, Department of Economics, Appalachian State University.
    3. Themis Kokolakakis & Fernando Lera-Lopez & Girish Ramchandani, 2021. "Measuring the Economic Impact of COVID-19 on the UK’s Leisure and Sport during the 2020 Lockdown," Sustainability, MDPI, vol. 13(24), pages 1, December.
    4. Carl Singleton & J. James Reade & Dominik Schreyer, 2021. "A decade of violence and empty stadiums in Egypt: When does emotion from the terraces affect behaviour on the pitch?," Economics Discussion Papers em-dp2021-21, Department of Economics, University of Reading, revised 24 Jan 2023.

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    More about this item

    Keywords

    Sports Economics; Coronavirus; Natural Experiments; Referee Bias; Social Pressure; Prediction Markets;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z20 - Other Special Topics - - Sports Economics - - - General

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