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57 records from EconBiz based on author Name
1. Government funding allocations to universities and the business cycle : an analysis of Canada's provincial governments
abstractCanada's universities each receive an annual operating grant from their provincial government to partially finance operating expenses. This paper estimates the sensitivity of provincial operating grants to the business cycle by disentangling the effects of procyclical income on government revenue and the countercyclical effect on student demand by utilizing an economic regression model composed of three equations. Our panel data include the total real operating grant paid to all universities within a province, total student enrolment, real per capita government revenue, and real per capita gross domestic product for Canada's ten provinces over the 1992-2019 sample period. The results confirm that real per capita government revenues are procyclical and that full-time equivalent student enrolments are counter-cyclical. The total real operating grant is only weakly associated with cyclical changes in provincial government revenue. Instead, the total real operating grant is mainly determined by countercyclical changes in student demand. This partially offsets the potential reduction in funding to universities during an economic downturn. Provincial governments in Canada can smooth the total allocation over the business cycle by adjusting other expenditures and using debt financing. Our results suggest they do this to some extent, but not enough to avoid a net reduction in real operating grants during an economic downturn.
Rockerbie, Duane; Easton, Stephen T.;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
2. Does the dual representation system of player agents in international football benefit players? : an economic analysis
Rockerbie, Duane;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
3. Revenue sharing in Major League Baseball : the moments that meant so much
abstractRevenue sharing is a common league policy in professional sports leagues. Several motivations for revenue sharing have been explored in the literature, including supporting small market teams, affecting league parity, suppressing player salaries, and improving team profitability. We investigate a different motivation. Risk-averse team owners, through their commissioner, are able to increase their utility by using revenue sharing to affect higher order moments of the revenue distribution. In particular, it may reduce the variance and kurtosis, as well as affecting the skewness of the league distribution of team local revenues. We first determine the extent to which revenue sharing affects these moments in theory, then we quantify the effects on utility for Major League Baseball over the period 2002–2013. Our results suggest that revenue sharing produced significant utility gains at little cost, which enhanced the positive effects noted by other studies.
Rockerbie, Duane; Easton, Stephen;2018
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link Link
Citations: 7 (based on OpenCitations)
4. Race to the podium: Separating and conjoining the car and driver in F1 racing
Rockerbie, Duane; Easton, Stephen;2021
Availability: Link
5. Multiple Equilibria and Unsustainable Runs in Major League Baseball: More Evidence
Rockerbie, Duane; Easton, Stephen;2021
Availability: Link
6. Revenue sharing and collusive behavior in the Major League Baseball posting system
Rockerbie, Duane;2020
Type: Article;
Availability:
Link Citations: 1 (based on OpenCitations)
7. Revenue sharing and collusive behavior in the Major League Baseball posting system
abstractThis paper uses auction theory to explain the unique design of the 1998-2013 posting system agreed to between Major League Baseball and the Japanese Nippon Professional Baseball League that allowed for the transfer of baseball players from Japan to the United States. It has some similarities and many differences from the transfer system used to obtain players in European football. The unique features of the posting system were a compromise between Major League Baseball clubs and Nippon Professional Baseball clubs with the understanding that the former was a collusive group of club owners. Revenue sharing is a method to enforce a system of side payments to collusive bidders. It is then profit-maximizing to have the bidder with the highest net surplus from the player win the auction. Changes to the revenue sharing system used in Major League Baseball reduced the ability of club owners to bid for Japanese players, hence changes to the bidding rules of the posting system coincided at the same time.
Rockerbie, Duane;2020
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link Link
Citations: 1 (based on OpenCitations)
8. A Real Options Approach to Multi-Year Contracts in Professional Sports
Rockerbie, Duane; Easton, Stephen;2019
Availability: Link
9. Race to the podium : separating and conjoining the car and driver in F1 racing
Rockerbie, Duane; Easton, Stephen T.;2022
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link Link
Citations: 1 (based on OpenCitations)
10. Revenue sharing in Major League Baseball: The moments that meant so much
Rockerbie, Duane; Easton, Stephen;2018
Type: Article;
Availability:
Link Citations: 7 (based on OpenCitations)
