Evidence on the rationality of expectations in the British manufacturing sector |
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| Authors: | Paul Tompkinson Michael Common |
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| Institution: | 1. Department of Economics , Victoria University of Wellington , Wellington , New Zealand;2. Department of Economics , University of Stirling , Stirling , Scotland , UK |
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| Abstract: | Empirical support is shown for the propositionthat sports fans prefer the composition of their home team to remain the same from season to season. Controlling for price, income, population, team quality, league, year, the stadium effects, the regression results indicate that for each percentage point increase in the turnover of the composition of the team, attendance will fall by about 0.7%. The implications of this heretofore ignored tendency are briefly discussed. |
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