Associate Professor of Economics
Department of Economics
101 Harris Hall
d a v i s m c at m s t . e d u (without the spaces and @ to replace at)
Journal of Money, Credit and Banking, February 2004, vol. 36, pp. 17-37
menu-cost interpretation of sticky prices implies that the probability of a
price change should depend on the past history of prices and fundamentals only
through the gap between the current price and the frictionless price.† We find that this prediction is broadly
consistent with the behavior of 9
Managerial and Decision Economics, 2007, 28, 713-722.
Abstract:† Previous research has analyzed the behavior
of retail gasoline stations in how they adjust their prices.† In this paper we analyze the daily movements
in prices of four retail gasoline stations located in
International Journal of Sport Finance, 2006, 1(4), 253-264.
Abstract:† In this study we analyze the factors that determine whether a particular city has a minor league baseball team and the level at which that team competes.† Using the Generalized Ordered Logit Model we determine that higher population, personal income and time from nearest major league baseball team all have a positive effect on the cityís having a minor league baseball team and having one at a higher level.† The finding that personal income has a positive effect on the level of the baseball team, combined with past studies suggesting income does not affect minor league baseball attendance, leads us to conclude that higher income fans cannot take off more time to attend baseball games but want a higher quality product when they attend.† Rankings of the most overrepresented and underrepresented cities, based on the model, are presented.†
Applied Economics Letters, 2009, 16(16), 1613-1616.
Abstract:† We analyze gasoline prices over the past 27 years and find that there has been an increase in the seasonal variation since 2000. This finding is attributed to an increase in the environmental regulations on gasoline during the summer months.
Atlantic Economic Journal (Anthology), 2007, 35 (3), 371-372
Abstract:† We analyze the factors that are important for determining whether a AAA baseball team exists in a particular city.†† After properly accounting for population in the model, income loses much of its significance but can not be completely discounted as an important factor.
Economic Inquiry, 2010, 48(1), 39-50
Abstract:† Research has demonstrated that a Super Bowl victory increases the personal income of the individuals in the metropolitan area from which the winning teams come (Coates & Humphreys, 2002). We argue that the economic benefits should extend beyond just the championship teamís city to the cities of teams who experience seasonal success and thus the winning percentages of NFL teams were included in our model. When controlling for sources of bias, winning percentage of the local professional football team had a significant positive effect on real per capita personal income. Explanations for these conclusions are offered from a psychological perspective.
International Journal of Sport Finance, 2008, 3(1), 58-73.
Abstract:† This study examines the importance of team success for attendance for major league baseball teams.† Winning and attendance go together for most baseball teams, but the direction of causation is not obvious.† Winning could lead to greater attendance as fans want to see a winner, while an increase in attendance could lead to greater winning as teamsí have greater resources to spend on salaries.† This study finds that the direction of causation runs from team success to greater attendance, and that a sudden increase in fans does not lead to additional winning in the future.† A secondary result suggests that exogenous shocks to attendance have replicating effects on attendance as well.
At RealClearSports (with Tim Kane):† http://www.realclearsports.com/articles/author/michael_davis__tim_kane/
Last Modified: Wednesday ,September 17, 12:17 CDT