Marginal scaling scenario and analytic results for a glassy compaction model

A diffusion-deposition model for glassy dynamics in compacting granular systems is treated by time scaling and by a method that provides the exact asymptotic (long time) behavior. The results include Vogel-Fulcher dependence of rates on density, inverse logarithmic time decay of densities, exponential distribution of decay times and broadening of noise spectrum. These are all in broad agreement with experiments. The main characteristics result from a marginal rescaling in time of the control parameter (density); this is argued to be generic for glassy systems.Comment: 4 pages, 4 figure

GOOD NEWS, BAD NEWS AND GARCH EFFECTS IN STOCK RETURN DATA

It is shown that the volume of trade can be decomposed into proportional proxies for stochastic flows of good news and bad news into the market. Positive (good) information flows are assumed to increase the price of a financial vehicle while negative (bad) information flows decrease the price. For the majority of a sample of ten split-stocks it is shown that the proposed decomposition explains more GARCH than volume itself. Using the proposed decomposition, the variance of returns for younger split stocks reacts asymmetrically to good news flowing into the market, while the variance for older split-stocks reacts symmetrically to good news and bad news.information flows; autocorrelation

Fluctuation-dissipation relation and the Edwards entropy for a glassy granular compaction model

We analytically study a one dimensional compaction model in the glassy regime. Both correlation and response functions are calculated exactly in the evolving dense and low tapping strength limit, where the density relaxes in a $1/\ln t$ fashion. The response and correlation functions turn out to be connected through a non-equilibrium generalisation of the fluctuation-dissipation theorem. The initial response in the average density to an increase in the tapping strength is shown to be negative, while on longer timescales it is shown to be positive. On short time scales the fluctuation-dissipation theorem governs the relation between correlation and response, and we show that such a relationship also exists for the slow degrees of freedom, albeit with a different temperature. The model is further studied within the statistical theory proposed by Edwards and co-workers, and the Edwards entropy is calculated in the large system limit. The fluctuations described by this approach turn out to match the fluctuations as calculated through the dynamical consideration. We believe this to be the first time these ideas have been analytically confirmed in a non-mean-field model.Comment: 4 pages, 3 figure

Driver Success in the NASCAR Sprint Cup Series: The Impact of Multi-Car Teams

This paper explores the impact of multi-car teams on driver wins, total points, and total earnings in the NASCAR Sprint Cup Series for the years of 2005 through 2008. Early in NASCAR’s history, multi-car teams were rare as the conventional wisdom was that multi-car teams would have poor chemistry which would negatively impact driver performance. Recently, however, multi-car teams have become more popular. Using season-level data, we show that multi-car teams generally enjoy a competitive advantage on the track over single-car teams but that diminishing returns to the number of cars on a team mitigates the motivation for arbitrarily large teams.peer effects, returns to scale, motor sports

Spillovers from the Gridiron: Evidence from Women’s Collegiate Basketball

This paper empirically investigates whether schools with an intercollegiate football team experience greater attendance at women’s basketball games. The empirical question is important because if football increases attendance and hence revenue to other sports then these benefits should be included when considering the net benefits of football. Using a cross-section of 329 Division IA women’s basketball programs from 2005-2006, we find that having a football program corresponds with an increase in per-game attendance of approximately 500 people. This spill-over benefit of having a football team should be credited against the costs of starting and maintaining a football team.NCAA, college sports, positive externalities

Mega-Events: Is the Texas-Baylor game to Waco what the Super Bowl is to Houston?

This paper estimates the total sales and sales tax revenue impacts on host communities of a variety of professional and collegiate sporting events. Using 126 jurisdictions from Texas, covering every month from January, 1990 through April of 2006, the analysis finds that regular season games in the NBA, NFL, NHL, and MLB have widely disparate effects. The NBA and NFL regular season games are net losers of revenue, NHL and MLB games generate additional revenue. Collegiate regular season football games are revenue generators for small cities and towns home to D-I and D-IAA football, but cities that are home to teams from the old Southwest Conference or the new Big 12 conference do not gain revenues from home contests. The Super Bowl generated over $2 million in tax revenues for Houston, by far the largest revenue boost of any of the events in our data.tourism, economic impacts, special events

Multiproduct Pricing in Major League Baseball: A Principal Components Analysis

The empirical analysis of multiproduct pricing suffers from a lack of clear theoretical guidance and appropriate data, limitations which often render traditional regression-based analyses impractical. This paper analyzes ticket, parking, and concession pricing in Major League Baseball for the period 1991-2003 using a new methodology based on principal components, which allows inferences to be formed about the factors underlying price variation without strong theoretical guidance or abundant information about costs and demand. While general demand shifts are the most important factor, they explain only half of overall price variation. Also important are price interactions that derive from demand interrelationships between goods and the desire to maximize the capture of consumer surplus in the presence of heterogeneous demand.

Peer Effects in Team Sports: Empirical Evidence from NCAA Relay Teams

This paper investigates whether disparity in team member quality impacts team production using NCAA 4x400m relay teams. The net peer effects are estimated to have both an absolute and relative negative effect on the team performance. Because NCAA relay teams are comprised of unpaid amateurs, we utilize a direct measure of team-member quality rather than indirect measures such as wages. The evidence suggests that a greater disparity in team member quality reduces team performance, that is, it increases a relay team’s running time. This suggests that net negative peer effects exist and support the “team cohesiveness hypothesis” for NCAA relay teams.teamwork, shirking, track and field, sports