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The Illusion of Control, the Structure of Prizes and the Demand for Football Pools in Spain

Author

Listed:
  • J. Garcia

    (Universitat Pompeu Fabra)

  • P. Rodríguez

    (Universidad de Oviedo)

Abstract

Using 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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • J. Garcia & P. Rodríguez, 2004. "The Illusion of Control, the Structure of Prizes and the Demand for Football Pools in Spain," IASE Conference Papers 0436, International Association of Sports Economists.
    • Handle: RePEc:spe:cpaper:0436
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    Keywords

    sports economics;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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