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Industry Papers on Media, sport and entertainment



The Illusory Economic Gains from Hosting the Olympics & World Cup The Illusory Economic Gains from Hosting the Olympics & World Cup
Andrew Zimbalist, World Economics, March 2015
The IOC's Olympic Games and FIFA's World Cup are the two most popular global sporting events. Winning the rights to host these competitions comes with great fanfare. Yet except under special circumstances, the scholarly evidence suggests that hosting either event is no ... More


Why Russia Resists Facebook Why Russia Resists Facebook: Domestic social networking sites dominate in former Soviet Union
Piotr Konwicki, World Economics, December 2013
The social media websites phenomenon started in 1997 with SixDegrees.com, which allowed users to create profiles, list their Friends and surf the Friends lists. Facebook launched in 2004 and became synonymous with the growth of this sector, exceeding 1.1 billion active ... More


The New Transparency in Development Economics The New Transparency in Development Economics: Lessons from the Millennium Villages controversy
Michael Clemens & Gabriel Demombynes, World Economics, December 2013
The Millennium Villages Project is a high profile, multi-country development project that has aimed to serve as a model for ending rural poverty in sub- Saharan Africa. The project became the subject of controversy when the methodological basis of early claims of succes ... More


Lynne Nikolychuk on Gerben Bakker: Entertainment Industrialised: The Emergence of the International Film Idustry, 1890-1940 Lynne Nikolychuk on Gerben Bakker: Entertainment Industrialised: The Emergence of the International Film Idustry, 1890-1940
Lynne Nikolychuk
World Economics, September 2009
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Managerial Performance and Contract Instability in the Market for National Football Coaches Managerial Performance and Contract Instability in the Market for National Football Coaches
Lynne Nikolychuk & Brian Sturgess, World Economics, September 2007
In this paper, the authors investigate the relationship between managerial performance of national football coaches and their length of contract term to consider the extent to which relatively higher turnover may have affected team performance outcomes. The contract per ... More


Hosting the FIFA World Cup Hosting the FIFA World Cup: Economic boon or winner’s curse?
Brian Sturgess & Chris Brady, World Economics, December 2006
Countries often compete fiercely for the right to host the football FIFA World Cup finals, but apart from national prestige, are there any concrete economic benefits to be gained from hosting sporting events such as the Olympics or the World Cup? The evidence is mixed. ... More


Do the Young British Artists Rule? Do the Young British Artists Rule?: Evidence from the auction market
David Galenson, World Economics, March 2006
In recent years, some English critics have claimed that Damien Hirst and his fellow young British artists have made London the new center of the advanced art world. As Hirst reaches the age of 40, this paper uses auction results to measure the importance of the YBAs com ... More


Anticipating Artistic Success Anticipating Artistic Success: Lessons from history
David Galenson, World Economics, June 2005
The recent history of modern art provides clues as to how important artists can be identified before their work becomes generally known. Advanced art has been dominated by young conceptual innovators since the late 1950s, and theimportance of formal art education in the ... More


A Portrait of the Artists as Young or Old Innovators A Portrait of the Artists as Young or Old Innovators: The creative life cycles of modern poets and novelists
David Galenson, World Economics, December 2004
Earlier research found that great painters can be categorized either as young geniuses, who make sudden conceptual innovations early in their careers, or as old masters, who work experimentally, by trial and error, and arrive at their greatest contributions late in t ... More


Pricing Cultural Heritage Pricing Cultural Heritage: A new approach to managing ancient resources
Susana Mourato, Ece Ozdemiroglu, Tannis Hett & Giles Atkinson, World Economics, September 2004
A growing determinant of leisure travel decisions has been the demand for cultural destinations. This has presented complex challenges with regards to the correct management of major cultural resources. Management options can be assessed in terms of three criteria of ... More


The Disappearing Masterpiece The Disappearing Masterpiece
David Galenson, World Economics, December 2002
A quantitative analysis of the illustrations in art history textbooks reveals that the most important modern American painters—including Pollock, de Kooning, and Warhol—failed to produce individual paintings as famous as the masterpieces of some major French modern a ... More


The Life Cycles of Modern Artists The Life Cycles of Modern Artists
David Galenson, World Economics, September 2002
There have been two very different life cycles for great modern artists: some have made their major contributions early in their careers, while others have produced their best work later in their lives. These patterns have been associated with different artistic goal ... More


The Promotion Test The Promotion Test
Stefan Szymanski , World Economics, June 2002
The collapse of broadcaster ITV Digital owing £178m to the English Football League will cause, according to the League’s Chairman, the financial failure of up to fifty of the seventy two clubs. If this were to happen a major restructuring of English football would have ... More


The Economic Impact of the World Cup The Economic Impact of the World Cup
Stefan Szymanski, World Economics, March 2002
The World Cup will be the biggest sporting event of 2002, but the Japanese and Korean governments are also hoping that it will be one of the biggest economic events of the year. Impact studies by respected economic research institutes predict a dramatic boost to GDP ... More


Up for the Cup Up for the Cup
Stefan Szymanski, World Economics, December 2001
Measured by attendance of football fans, the FA Cup is in decline. This paper reviews the evidence of this decline and suggests that the underlying cause may be the growing imbalance of competition in the Cup. The paper considers the drastic innovation that the FA in ... More


A Night at the Opera A Night at the Opera: Subsidies, prices and repertoire at London’s opera houses
Jeff Frank & Philip Wrigley, World Economics, September 2001
This paper considers how the behaviour of the two London opera houses differs from profit-maximisation, possibly in response to the high level of government funding and private donations. The opera houses put on more innovative and artistically rewarding operas than ... More


Promotion and Relegation Promotion and Relegation
Stefan Szymanski & Stephen Ross, World Economics, June 2001
One of the most distinctive differences between team sports in Europe and North America is the institution of promotion and relegation. This paper looks into the history of why this institution developed in Europe but not North America, and considers what effects it ... More


Can Bettors Win? Can Bettors Win?: A perspective on the economics of betting
Leighton Vaughan Williams, World Economics, March 2001
In this paper, a survey is undertaken of studies that examines the extent to which systematic patterns of behaviour in betting markets can generate above-average or even abnormal returns, the latter being most conveniently defined for these purposes as a profit. The p ... More


The Market for Olympic Gold Medals The Market for Olympic Gold Medals
Stefan Szymanski, World Economics, December 2000
From a national perspective the Sydney Olympics were almost completely predictable. Statistical modelling shows that population size and income per head provide an almost faultless method for identifying medal totals. However, it is probably the discrepancies that are ... More


The Political Economy of Sport The Political Economy of Sport
Stefan Szymanski, World Economics, June 2000
The political constitutions of both the US and Europe provide no guidance on the role of organised sport in society. Without a proper set of rules politicians are finding sports issues increasingly hard to handle. In the US there is widespread concern at the commercia ... More