Contingent Valuation and Football: The Quantification of the Willingness to Pay

Texto dispoñible en galego e españolEste artigo analiza se o formato da pregunta de disposición a pagar ten algún efecto na estimación, a través do método de valoración continxente, do valor dos bens públicos xerados por un equipo de fútbol profesional. Para responder a esta cuestión utilizáronse datos dunha enquisa con formato mixto dicotómico-aberto, realizada mediante entrevistas persoais a 800 individuos. A partir dos ditos datos, a evidencia empírica obtida a través de modelos Tobit e logit revela significativas diferenzas nos resultados, dependendo de como se formule a pregunta de disposición a pagar. Polo tanto, os valores obtidos en estudos anteriores deberían ser considerados con cautelaEste artículo analiza si el formato de la pregunta de disposición a pagar tiene algún efecto en la estimación, a través del método de valoración contingente, del valor de los bienes públicos generados por un equipo de fútbol profesional. Para responder a esta cuestión se utilizaron datos de una encuesta con formato mixto dicotómico-abierto, realizada mediante entrevistas personales a 800 individuos. A partir de dichos datos, la evidencia empírica obtenida a través de modelos Tobit y logit revela significativas diferencias en los resultados, dependiendo de cómo se formule la pregunta de disposición a pagar. Por lo tanto, los valores obtenidos en estudios anteriores deberían ser considerados con cautelaThis article analyses if there is any effect of the elicitation question format on the estimation, through the contingent valuation method, of the value of public goods generated by a Spanish football team. The significant differences found in the results obtained through the application of Tobit and logit models, using data stemming from a survey with a dichotomous choice with open-ended follow-up questionnaire, carried out by means of personal interviews to a sample of 800 individuals, confirm that hypothesis, so values obtained in previous studies should be considered cautiouslyS

Los límites de las políticas nacionales en la Eurozona: el caso de la prima de riesgo soberana

[Resumen]El objetivo del presente trabajo es valorar el impacto sobre el comportamiento de la prima de riesgo de la deuda española de dos intentos de incidir sobre esta variable por parte de policymakers que operan en distintos niveles de gobierno: nacional y supranacional (europeo). Por un lado, la reforma del artículo 135 de la Constitución Española en agosto de 2011 estableciendo un “techo de deuda” y la prioridad absoluta al servicio de dicha deuda. Por otro lado, las famosas declaraciones del Presidente del BCE en julio de 2012, en apoyo al euro. Con esta finalidad, contrastamos la posible existencia de rupturas estructurales en la serie temporal mensual del spread de la deuda pública española en el período 2007-2014. La evidencia empírica obtenida sugiere que los mercados financieros, en su evaluación de las políticas monetaria y fiscal implementadas en el marco de la Eurozona, no avalan medidas parciales y penalizan especialmente los fallos de coordinación y la incertidumbre en la instrumentación de las políticas económicas

The economic geography of football success: empirical evidence from european cities

Introduction. – 1. The geography of successful football teams: an analytical framework – 2. Empirical analysis – 2.1. Data, model estimation and results – 2.2. Cities and teams: some remarks about market size and teams’ performance – 3. Conclusions – 4. Annex

The production process in basketball: Empirical evidence from Spanish league

The main objective of this paper is to provide an empirical assessment of the production process in a basketball team. We estimate a logit model in which the output produced by a team is the game outcome (win or loss) and the inputs are those play characteristics that impact on that outcome. From the results obtained it is clear that, on average, there is a substantial difference between the impact of each play characteristic on a basketball team’s winning probability and that probability varies as the quality/quantity of the inputs used changes, albeit not proportionally.sports economics, team sport, professional basketball, productive process, logit model

Economic crisis, sport success and willingness to pay: the case of a football club

[Abstract]The purpose of this paper is to obtain evidence about the scope of the determinants of the willingness to pay (WTP) of the residents in a Spanish city (A Coruña) for keeping a professional football team (Deportivo) competing at the highest level. Apart from the individual socio-demographic characteristics of the respondents and their attitudes as football fans, the authors try to know the influence on the WTP of factors such as the general economic conditions and the plausibility of the team disappearance

Capital social individual y desigualdades en el mercado de trabajo en España

Ministerio de Ciencia e Innovación; CSO2009-0816

Wealth and consumption inequeality: an interquantile analysis

[Abstract] The purpose of this paper is to analyze the changes in wealth and consumption inequality in Spain and estimate the consumption effects of housing and financial wealth.The estimations are made using micro-data from the Spanish Survey of Household Finances (2002–2014) applying cross-section, panel and interquartile techniques. The findings of this paper suggest that there was an increase in wealth inequality during the period under analysis and a reduction in consumption inequality. Also, the authors find a significant positive effect of wealth on consumer expenditure. Disaggregating by asset type, the value of the main residence is the category with the highest estimated effect on consumption, whereas the remaining types of assets, although still positive and generally significant, have more modest effects on consumption. However, the estimated coefficients and their significance can change substantially depending on the phase of the economic cycle and the position of the household in the income distribution.These results provide new empirical evidence on the effects of household wealth changes on their consumption behavior, the differences depending on the household's position in the distribution and the fluctuations of these estimated coefficients throughout a period of profound economic upheavals.Consellería de Cultura, Educación e Ordenación Universitaria, Xunta de Galicia (ED481A-2016/356) e o Ministerio de Economía, Industria y Competitividad (Project CSO2017-86178-R)

Política monetaria y distribución del ingreso: evidencia empírica para la UE-15

This paper presents an empirical research on how monetary policy can affect income distribution. After describing the channels through which monetary policy may have an impact on income distribution, we perform a panel analysis of 15 EU (European Union) countries covering the period 1995-2014. The results provide evidence of a significant positive relationship between real interest rates and income inequality measured as the Gini coefficient. However, this relationship only becomes significant in the medium term but not in the short term. Our findings call for greater attention by central bankers to the redistributive effects of monetary policyEste artículo presenta una investigación empírica sobre cómo la política monetaria puede afectar a la distribución del ingreso. Tras describir los canales a través de los cuales la política monetaria puede tener un impacto en la distribución de la renta, se realiza un análisis para un panel de 15 países de la UE (Unión Europea) que abarca el período 1995-2014. Los resultados evidencian una relación positiva significativa entre los tipos de interés reales y la desigualdad de ingresos medida como el coeficiente de Gini. Sin embargo, esta relación sólo es significativa a medio plazo, pero no a corto plazo. Nuestros resultados plantean que los bancos centrales tengan en consideración los efectos redistributivos de la política monetari

Analysis of heat and smoke propagation and oscillatory flow through ceiling vents in a large-scale compartment fire

One question that often arises is whether a specialized code or a more general code may be equally suitable for fire modeling. This paper investigates the performance and capabilities of a specialized code (FDS) and a general-purpose code (FLUENT) to simulate a fire in the commercial area of an underground intermodal transportation station. In order to facilitate a more precise comparison between the two codes, especially with regard to ventilation issues, the number of factors that may affect the fire evolution is reduced by simplifying the scenario and the fire model. The codes are applied to the same fire scenario using a simplified fire model, which considers a source of mass, heat and species to characterize the fire focus, and whose results are also compared with those obtained using FDS and a combustion model. An oscillating behavior of the fire-induced convective heat and mass fluxes through the natural vents is predicted, whose frequency compares well with experimental results for the ranges of compartment heights and heat release rates considered. The results obtained with the two codes for the smoke and heat propagation patterns and convective fluxes through the forced and natural ventilation systems are discussed and compared to each other. The agreement is very good for the temperature and species concentration distributions and the overall flow pattern, whereas appreciable discrepancies are only found in the oscillatory behavior of the fire-induced convective heat and mass fluxes through the natural vents. The relative performance of the codes in terms of central processing unit (CPU) time consumption is also discussed.This research was funded by Consorcio Regional de Transportes de Madrid, grant number OTRI-FUNED 5510003256. The support of the Consorcio Regional de Transportes de Madrid is gratefully acknowledged