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Economics lessons from sports during the COVID-19 pandemic

Singleton, C. ORCID: https://orcid.org/0000-0001-8247-8830, Bryson, A., Dolton, P., Reade, J. ORCID: https://orcid.org/0000-0002-8610-530X and Schreyer, D. (2022) Economics lessons from sports during the COVID-19 pandemic. In: Pedersen, P. M. (ed.) Research Handbook on Sport and COVID-19. Edward Elgar Publishing. (In Press)

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Abstract/Summary

Economists have used Covid-19 as an exogenous shock to improve understanding of sports markets and in doing so gain broader economic insights. These natural experiments have provided partial answers to: how airborne viruses may spread in crowds; how people respond to the risk and information about infection; how the absence of crowds reduces the social pressure that can affect arbitration decisions; and how quickly asset (betting) prices reflect new information. We review this evidence and reflect on how (sports) economics research can continue to be most valuable to policymakers.

Item Type:Book or Report Section
Refereed:Yes
Divisions:Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
ID Code:102211
Uncontrolled Keywords:Coronavirus, Natural experiments, Prediction markets, Referee bias, Social pressure, Sports economics
Publisher:Edward Elgar Publishing

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