ORCID Profile
0000-0001-7694-994X
Current Organisations
University of Adelaide
,
Ormond College
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Publisher: Elsevier BV
Date: 07-2018
Publisher: Springer Science and Business Media LLC
Date: 10-2020
Publisher: Informa UK Limited
Date: 12-12-2016
Publisher: Wiley
Date: 22-08-2010
DOI: 10.1002/FOR.1152
Publisher: Wiley
Date: 15-06-2021
DOI: 10.1111/JOES.12437
Abstract: The paper reviews the literature and data on the role of finance in socioeconomic development. The evidence suggests that a well‐developed financial system can certainly enhance people's prosperity, but an excessively large and poorly regulated financial system can do more harm than good. We start by making the important distinction between traditional finance (retail banking, insurance, etc.) and modern finance (financial “innovation” and asset trading). We then document that the financialization trend of the past four decades has largely transformed modern finance from “hero” into “villain.” We discuss the driving forces behind this, as well as some policy reform proposals that could in principle make modern finance a hero once again.
Publisher: Springer International Publishing
Date: 2016
Publisher: Informa UK Limited
Date: 06-1999
Publisher: SAGE Publications
Date: 03-01-2013
Abstract: The conference and isional system has long been a staple part of tournament design in the major pro-sports leagues of North America. This popular but highly rigid system determines on how many occasions all bilateral pairings of teams play each other during the season. Despite the virtues of this system, it necessitates removing the biases it generates in the set of win ratios from the regular season standings prior to calculating within-season measures of competitive balance. This article applies a modified version of a recent model, an extension that is generalizable to any unbalanced schedule design in professional sports leagues worldwide, to correct for this inherent bias for the NFL over the seasons 2002-2011, the results of which suggest the NFL is even more competitively balanced than thought previously.
Publisher: Wiley
Date: 12-2008
Publisher: Informa UK Limited
Date: 07-1999
Publisher: Informa UK Limited
Date: 30-11-2021
Publisher: SAGE Publications
Date: 03-08-2016
Abstract: The presence of asymmetry in the relation between attendances and competitive balance in the Australian Football League is tested, over the period 1945-2010. The results from the well-specified structural time-series model validate the uncertainty of outcome hypothesis, and the null of no asymmetry is rejected easily in the structural innovations of the series, although it is not rejected in the levels. The latter finding substantiates the reversibility (without net loss of demand) of league revenue-sharing and labor market policies that influence demand in professional sports leagues.
Publisher: Elsevier BV
Date: 12-2009
Publisher: Informa UK Limited
Date: 09-2017
Publisher: Wiley
Date: 02-10-2018
Publisher: Cambridge University Press (CUP)
Date: 06-2012
DOI: 10.1177/103530461202300203
Abstract: While the linkage between team performance and attendances is well established, there has been negligible previous research using club memberships as an alternative indicator of demand for sport. Little attention has been paid to how the number of memberships is affected by common measures of team performance, such as the team’s win-ratio. This study utilises a previously unavailable long range time-series data set of annual memberships for an Australian Football League (AFL) club, Hawthorn FC. A succession of basic correlation analyses demonstrates that, while the relation between club membership numbers and win-ratios is strongly positive as it is for attendances (for most of the s le), some of the finer properties are substantially different. It is suggested that much of the reason for this lies in differences between the segmented nature of these markets for attendances and memberships.
Publisher: Human Kinetics
Date: 11-2017
Abstract: This article introduces and then examines a novel antidoping policy mechanism, based upon a conditional superannuation fund for professional athletes. It begins by presenting a theoretical case in favor of the scheme relative to the background of current policy. Consideration is given to the utility and benefits of a conditional superannuation mechanism to augment existing antidoping policy structures. The case is developed using results from a pilot experimental economics study testing the policy proposal, which suggests that the conditional superannuation mechanism has the potential to outperform existing measures, such as fines and bans. This article offers a policy variation that could supplement the existing arrangements as a contiguous mechanism. While no single policy intervention seems plausible in fully eliminating sport doping, a combination of incentive and punitive mechanisms may yield a superior policy mix to help attenuate doping’s prevalence in elite sport. The evidence presented here within the antidoping policy context may also recommend the utility of conditional superannuation as a mechanism to address other enduring challenges in sport, such as violence, gambling, and behavioral transgressions.
Publisher: Wiley
Date: 06-2009
Publisher: Elsevier BV
Date: 12-2020
Publisher: Elsevier BV
Date: 03-2020
Publisher: Wiley
Date: 09-03-2011
DOI: 10.1002/FOR.1223
Publisher: Cambridge University Press (CUP)
Date: 06-2012
Publisher: Elsevier BV
Date: 05-2018
Publisher: Elsevier BV
Date: 2019
Publisher: SAGE Publications
Date: 06-2006
DOI: 10.1177/031289620603100104
Abstract: We systematically explore the time-series properties of life insurance demand using a novel statistical procedure that allows multiple unobservable (but interpretable) components to be extracted. This methodology allows the data to be modelled in new and innovative ways. We find univariate series decomposition allows us to more easily explain the behaviour of life insurance demand over the s le period (1981–2003), than would otherwise be possible. A multivariate model (including a number of variables thought to influence demand) produces quite pleasing results overall. A SUTSE model involving demand and each of the explanatory variables in turn shows evidence of common components in all cases but one. Finally, an out-of-s le forecast comparison shows the univariate model to outperform the multivariate model for accuracy.
Publisher: Elsevier BV
Date: 2011
Publisher: Wiley
Date: 09-2008
Publisher: Informa UK Limited
Date: 2012
Publisher: Informa UK Limited
Date: 07-2012
Publisher: Wiley
Date: 25-06-2020
DOI: 10.1111/SJPE.12249
Publisher: SAGE Publications
Date: 19-01-2012
Abstract: Assessing the effect of the timing and sequencing of various policy regimes on optimizing agent behavior is both important and difficult. To offer some insights, this article examines a timing decision from sports. The penalty shootout in football (soccer) has long been seen as problematic, among other reasons because it creates incentives for excessively cautious play during extra time. One proposal to alleviate this has been to alter the timing, and stage the shootout before (rather than after) extra time with the result binding only if the subsequent extra time offers no resolution. Carrillo’s (2007) theoretical model shows that since the effect of this rule change is ambiguous in theory, the proposal’s desirability needs to be assessed empirically. Using a comprehensive match data set, the authors compare scoring outcomes of various treatment and control groups, whereby the former simulate closely players' incentives from the proposed rule change, and the latter represent the current timing. Most importantly, the authors examine how extra time scoring probabilities depend on a goal being scored in the first 5 (or 15) min of extra time. Their estimates suggest that bringing the shootout before extra time would substantially alter the players' incentives in extra time and produce more overall attacking play. Quantitatively, the rule change is predicted to increase the odds of extra time scoring about threefold. Specifically, for the FIFA World Cup and the UEFA club competitions, the probability of scoring in extra time is estimated to increase on average by 45–60%, depending on various factors such as the result in regulation time, balancedness of the teams, and home ground advantage. In summary, all these results suggest that the case for trialing the proposed rule is strong. More generally, they highlight the incentive channels through which sequencing of policies may determine their effectiveness.
Publisher: Elsevier BV
Date: 2003
Publisher: Elsevier BV
Date: 03-2017
No related grants have been discovered for Liam Lenten.