What we can learn about economics from professional sport during Covid-19

Publication date: 28 Jan 2021 | Publication type: NIESR Discussion Paper | NIESR Author(s): Dolton, P | External Author(s): Singleton, C; Bryson, A; Reade, J.J; Schreyer, D | JEL Classification: D91; L83; Z20 | NIESR Discussion Paper Number: 525

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 Classifications: D91, L83, Z20

Keyword tags: 
Sports Economics
Coronavirus; Natural Experiments; Referee Bias; Social Pressure; Prediction Markets