Bentley Coffey, Patrick A. McLaughlin, Robert D. Tollison Received: 17 November 2009 / Accepted: 25 February 2011 Presentation by: Summer Dickey Regulators.

Slides:

Advertisements

Similar presentations

Clicker Review.

Advertisements

Stockholm Economy Q Economic growth, private sector Gross pay, change (%) from the previous quarter, seasonally adjusted and trend-adjusted, annual.

U.S. and New Jersey Economic Situation Charles Steindel Resident Scholar Ramapo College of New Jersey November 17, 2014.

1 Avalaura L. Gaither and Eric C. Newburger Population Division U.S. Census Bureau Washington, D.C. June 2000 Population Division Working Paper No. 44.

Income Distribution & Growth: Lecture II Empirical Evidence ECGA 6470: Economic Growth Development.

Two theories: Government ownership of banks (GOB) should be more prevalent in poorer countries, with less developed financial markets, with less well-

Baseball Statistics By Krishna Hajari Faraz Hyder William Walker.

An EXAMINATION of GROWTH and STABILITY of PROPRIETOR EMPLOYMENT and INCOME in SPOKANE COUNTY, WASHINGTON Thomas R. Harris, Professor and Director University.

ICES 3° International Conference on Educational Sciences 2014

Sports in the United States The “Big Five”: 1)Football 2)Basketball 3)Baseball 4)Hockey 5)Soccer.

The Health Benefits of Political Constraints How Health Aid can Improve Health Expenditure Jennifer Brett, IRCHSS Scholar, Trinity College Dublin DEVELOPMENT.

 Gross Domestic Product was the total output of goods and services of United States.  The monetary value of all goods and services were calculated on.

Chapter 6.  Just remember Karl “Carl” Pearson  Let’s run some correlations!  Analyze  Correlate ▪ Bivariate.

An EXAMINATION of GROWTH and STABILITY and IMPACTS of PROPRIETOR EMPLOYMENT and INCOME in WASHOE COUNTY, NEVADA Thomas R. Harris, Professor and Director.

Review of the previous lecture The real interest rate adjusts to equate the demand for and supply of goods and services loanable funds A decrease in national.

Openness, Economic Growth, and Human Development: Evidence from South Asian countries from Middlesex University Department of Economics and.

The Data of Macroeconomics

The importance of economic growth

Chapter 37 If We Build It,Will They Come? And Other Sports Questions Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

Financial Openness and the Chinese Growth Experience Geert Bekaert Columbia University and NBER Campbell R. Harvey Duke University and NBER Christian T.

Acquire information to guide business decision making.

Daniel CianciosoCase written by: Victor Matheson.

Voting Behavior of Naturalized Citizens: Sarah R. Crissey Thom File U.S. Census Bureau Housing and Household Economic Statistics Division Presented.

Raise your hand if you watch the NFL. Image from bet.comImage from gq.com.

Alberto Alfonzo & Tugberk Tanrisevdir Economic Development and International Politics INAF 100.

Chapter Measuring a Nation’s Income 10. The Economy’s Income and Expenditure Gross Domestic Product (GDP) – Measures the total income of everyone in the.

Who Decides Wage Rates?. WHO DECIDES WAGE RATES? 0 OBJECTIVES 0 Students will be able to: 0 Explain how sellers of labor and buyers of labor interact.

GDP measurement issues Graeme Walker Head of National Accounts Productivity Puzzle Seminar: 16 October 2012.

Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin Chapter 39 If We Build It, Will They Come? And Other Sports Questions.

Slide 0. slide 1 Business Cycles  Business Cycles – Business cycles are 2-year to 5-year fluctuations around trends in real GDP and other related variables.

The impact of salary dispersion and performance bonuses on NFL organizations Joel Maxcy University of Georgia Mike Mondello The Florida State University.

The Ejido System and Economic Growth of the Mexican States Frederick H. Wallace Gulf University for Science and Technology and Joana Chapa Cantú Universidad.

New Labor Trends Over the past 15 years Labor has significantly changed Globally: Globalization: “free trade” with other countries Collapse of Soviet Union.

Macroeconomics Chapter 151 Money and Business Cycles I: The Price-Misperceptions Model C h a p t e r 1 5.

Lecture 12: The Equilibrium Business Cycle Model L11200 Introduction to Macroeconomics 2009/10 Reading: Barro Ch.8 18 February 2010.

Topic 4:House Prices Reading 1: “Monetary Policy and House Prices: A Cross-Country Study” by Alan Ahearne, et al. IFDP 841. Federal Reserve Board (September.

State of the Economy May 27, 2008 Jose Sanchez Maria Rodarte Mandi Tom Emerson Figueroa Omar Barragan.

Bell Ringer What are the two main forms of distribution for Sports and Entertainment?

Daniel Kull Senior Disaster Risk Management Specialist Global Facility for Disaster Reduction and Recovery (GFDRR) World Bank Geneva, 19 November, 2012.

Stadiums as Economic Development Tools The Fact Behind the Fiction.

Spectators of Finnish baseball: comparing women’s and men’s games Seppo Suominen.

 A piece of economic data (statistic)  indicates the direction of an economy.

Next page Chapter 18: Employment and Unemployment.

Modeling Cigarette Consumption Joe Fitz Chief Economist California Board of Equalization Herbert Jew, Research Analyst Federation of Tax Administrators.

Analyzing State Equilibrium Unemployment Rates. Persistence of unemployment rates Unemployment rates among states tend to stay low or stay high year after.

What is Inflation? The rise in the general price level. It is reported in rates of change.

Program Trading: An economic perspective Aaron Honig June 22 nd, 2006.

Economic and team performance data have different effects on different elements of ticket demand Unemployment is a strong predictor of attendance but not.

Jeffrey Timmermans Global Economic Journalism Week 2: Economies & Indicators - I.

A Presentation of: Donald I. Price and Kabir C. Sen’s Economic Analysis: The Demand for Game Day Attendance in College Football: An Analysis of the 1997.

The Impact of Power Plays in NHL Hockey, or: No Dogs Play Hockey Jordan Pedersen, Tom Geiger, and Waleed Khoury.

Florida’s Sensitivity to Monetary Policy Changes Marisela Guillen.

GDP GROSS DOMESTIC PRODUCT. MEASURE OF ECONOMIC OUTPUT Macro keeps track of production, consumption, saving, investment, & income GDP is used to track.

Coordinate Algebra Practice EOCT Answers Unit 4. #1 Unit 4 This table shows the average low temperature, in ºF, recorded in Macon, GA, and Charlotte,

ESTIMATING THE EFFECT OF HOME COURT ADVANTAGE IN THE NBA Jason Kotecki.

Tim I. Williams, Jan Burns, Emily Stretch, Summer Hubble Institute of Education Figure 1. Mean Wechsler IQ scores for 7 sports represented in the INAS.

For more course tutorials visit ECO 203 Entire Course (Old Course) ECO 203 Week 1 DQ 1 Opportunity Costs ECO 203 Week 1 DQ 2 NYC Rent.

Eco Unit 5. Economic Growth Economic growth is the increase in the market value of the goods and services produced by an economy over time.

Chapter 6 Every Macroeconomic Word You Have Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession and Depression.

Broncos Vs. Chargers: Who’s better

Competitive Balance and Attendance in the MLB

Big Data, Education, and Society

By Dennis Coates and Brad Humphreys Presented by: Mary Bonatakis

Coordinate Algebra Practice EOCT Answers Unit 4.

Coordinate Algebra Practice EOCT Answers Unit 4.

Do Revenues Effect Success Among Professional Sports Teams?

Coordinate Algebra Practice EOCT Answers Unit 4.

1.02 Economic Impact of Sports & Entertainment Marketing PowerPoint

Chapter 06 Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession, and Depression.

Presentation transcript:

Bentley Coffey, Patrick A. McLaughlin, Robert D. Tollison Received: 17 November 2009 / Accepted: 25 February 2011 Presentation by: Summer Dickey Regulators and Redskins

Existing Data (Ekelund et al. 1994) Rent seeking Barro 1973; Becker and Stigler 1974; McCormick & Tollison 1978; Besley 2006 Higher pay is deterrent to corruption Carlino and Coulson (2004) Housing rents about 8% higher in cities with NFL teams Wages about 2% lower in areas with teams Coates and Gearhart (2008) No evidence that either a NASCAR track or NASCAR event affects housing rents positively or negatively Coates and Humphreys (2002) Residents of cities whose teams won Super Bowls experience a small but statistically significant increase in real per capita personal income in the same year *None that directly tests impact of amenities on bureaucratic behavior

Regulators and Redskins

Pages of Federal Register each quarter and the Redskins end of season WP

Quarterly RGDP and quarterly Federal Register pages

Ratio of quarterly Federal Register pages to RGDP (FR pages/RGDP)

Econometric Model u  well-behaved disturbance term R  page count of the Federal Register W  history of Redskins W-L record Q()  maps history into a current measure of team’s quality GDP  control variable that captures general trend of R increasing over time with the size of the economy *Winning Percentage (WP) at that point in the current season

Results Quarterly Federal Register pages positively correlated to WP and significant at 1% level RGDP significantly positive For an increase in the WP in 2007 from.50 to 1.0, predicts a 9% increase in the quarterly pages of the Federal Register Annual Significant positive correlation with previous season’s WP or playoff berths Congressional Behavior No Redskin effects Washington area sports teams

Conclusions At least one local amenity – a winning professional football team – is associated with more regulatory output from the federal government Existence of winning football team may simply provide an environment conducive to logrolling Could explain use of public funds to subsidize teams Thoughts on the paper…