This paper investigates residents’ preferences of investment in cruise tourism, taking its externalities into full account. The research involved data collection in the port of call of Messina (Sicily, Italy), during the peak cruise season in 2011. A mixed generalized ordered logit analysis, based upon a correspondence analysis, is run to examine what factors influence residents’ perceptions ab...

This paper studies the role of transfer fees in professional sports, where players can commit to binding long-term contracts. They cannot switch clubs before their contract expires unless the old club agrees to let them go; transfer fee is the price of that agreement. Transfer fees have been defended as a necessary incentive for clubs to invest into training their young players. The apparent ab...

This paper deals with the relationship between international trade and tourism. We focus on the effect that German tourism to Spain has on German imports of Spanish wine. Due to the different properties of the series under analysis, which display different orders of integration, a long memory regression model is used, where tourism is supposed to be exogenous. The period covered is January 1998...

In a lively, provocative article, DeVany claims inter alia that the size distribution of home runs follows a continuous ‘‘power law’’ distribution which is nested in a larger class of ‘‘stable’’ statistical distributions characterized by an infinite variance. He uses this putative fact about the size distribution of home runs to argue that concern about the use of steroids to enhance home run a...

Myelinating Schwann cells specifically express L-periaxin (L-PRX) in the mammalian peripheral nervous system. Several loss-of-function mutations in periaxin have been described and linked to autosomal recessive Dejerine Sottas neuropathy and to demyelinating Charcot-Marie-Tooth disease. The localization of L-periaxin is developmentally regulated in the nucleus and the plasma membrane of Schwann...

The National Collegiate Athletic Association (NCAA) basketball tournament qualifies as a sports mega-event, and cities across the United States compete vigorously with one another to host what is, by most measures, the premier intercollegiate sporting event in the United States. The promise of substantial economic impact has convinced cities to “invest” substantial sums of money to meet the dem...

This paper examines the impact of receiving a new stadium on team franchise values. I argue that a new stadium will increase the franchise values of teams regardless of how construction was financed. A team playing in a stadium that it owns will be able to capitalize the value of the stadium in the team’s franchise value and will thus have a higher franchise value. Using panel data for Major Le...

A recent National Labor Relations Board ruling declared Northwestern football players employees and gave them the right to unionize. This ruling is part of ongoing scrutiny of The National Collegiate Athletic Association (NCAA’s) model which labels college athletes as amateurs and limits player compensation to grant-in-aid (scholarships). Our paper estimates the marginal revenue product (MRP) o...

We exploit a unique opportunity to study how a large population of players in the field learn to play a novel game with a complicated and non-intuitive mixed strategy equilibrium. We argue that standard models of belief-based learning and reinforcement learning are unable to explain the data, but that a simple model of similarity-based global cumulative imitation can do so. We corroborate our f...