What Can We Learn About Economics from Sport during COVID-19?

14 Pages Posted: 21 Jan 2021 Last revised: 8 Mar 2021

See all articles by Carl Singleton

Carl Singleton

Department of Economics, University of Reading

Alex Bryson

UCL ; National Institute of Economic and Social Research (NIESR)

Peter Dolton

University of London - Institute of Education; IZA Institute of Labor Economics

James Reade

University of Reading

Dominik Schreyer

WHU - Otto Beisheim School of Management

Date Written: January 20, 2021

Abstract

The economics of sport and how sport provides insights into economics have experienced exogenous shocks from COVID-19, facilitating many natural experiments. These have provided partial answers to questions of: how airborne viruses may spread in crowds; how crowds respond to the risk and information about infection; how the absence of crowds may affect social pressure and arbitration decisions; and how quickly betting markets respond to new information. We review this evidence and advise how sports economics research could continue to be most valuable to policymakers.

Keywords: Sports Economics, Coronavirus, Natural Experiments, Referee Bias, Social Pressure, Prediction Markets

JEL Classification: D91, L83, Z20

Suggested Citation

Singleton, Carl and Bryson, Alex and Dolton, Peter and Reade, James and Schreyer, Dominik, What Can We Learn About Economics from Sport during COVID-19? (January 20, 2021). Available at SSRN: https://ssrn.com/abstract=3770193 or http://dx.doi.org/10.2139/ssrn.3770193

Carl Singleton (Contact Author)

Department of Economics, University of Reading ( email )

Whiteknights
Reading, Berkshire RG6 6AH
United Kingdom

Alex Bryson

UCL ( email )

20 Bedford Way
London, WC1H 0AL
United Kingdom

HOME PAGE: http://https://iris.ucl.ac.uk/iris/browse/profile?upi=ABRYS65

National Institute of Economic and Social Research (NIESR) ( email )

2 Dean Trench Street
Smith Square
London, SW1P 3HE
United Kingdom

HOME PAGE: http://www.niesr.ac.uk/staff/staffdetail.php?StaffID=307

Peter Dolton

University of London - Institute of Education ( email )

20 Bedford Way
London, WC1H 0AL
United Kingdom
+44 (0)207 612 6395 (Phone)
+44 (0)207 612 6880 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

James Reade

University of Reading

Dominik Schreyer

WHU - Otto Beisheim School of Management ( email )

Burgplatz 2
Vallendar, 56179
Germany

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