Selective essays in competitive environments

Piatti, Marco (2012) Selective essays in competitive environments. Masters by Research by Publication, Queensland University of Technology.

Abstract

This thesis is a collection of essays that utilises descriptive and empirical tools to examine competitive environments such as in academia, superrich and sport. The essays capture different aspects of the winner-take-all phenomenon by looking at citation and publication inequality in a top tier economics journal namely the American Economic Review. How globalisation and corruption influence the accumulation of extraordinary wealth and finally, how in a fairly equal competition, that is in the National Rugby League in Australia, wearing red shirts could lead to a comparative advantage and hence, tip the balance between winning and losing. The results within academia indicate that a highly unequal distribution exist, in which only a few top authors or institutions produce the majority of output. Furthermore, the results obtained in the superrich environment indicate that corruption and globalisation enhances the accumulation of extraordinary wealth. Finally, the results in the sport environment are mixed. While we find support for a positive effect of wearing red jerseys in our descriptive analysis, we find a negative effect when we control at the team level. However, when we investigate the relative difference in the degree of redness between home and away team, we find a quite strong positive effect of wearing red shirts even after controlling at the team level.

Impact and interest:

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179 since deposited on 21 Aug 2012
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ID Code: 53257
Item Type: QUT Thesis (Masters by Research by Publication)
Supervisor: Torgler, Benno
Additional Information: Embargo 12 months because of journal article in thesis.
Keywords: American Economic Review, (Australian) rugby league, competition, corruption, extraordinary wealth, gini coefficients, globalisation, impact of team colours, inequality, rankings, red, superrich, superstars, team sports, William Baumol, winner take all markets
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Institution: Queensland University of Technology
Deposited On: 21 Aug 2012 04:20
Last Modified: 10 Sep 2015 02:00

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