questions are on the attached files
Econ 5 09 Fall 2024
Carlos Zambrana
Sports Economics
Homework #4 (100 Points)
Due November 15th, 2024
Instructions:
You may work together on this problem set. But you must submit your answers individually.
All answers should be typed. Any mathematical derivations may be written by hand.
Lorenz curve: (50 points)
Imagine there are 5 tennis players that play on a Tennis tour with a total prize pool of $450,000 divided through 15 tournaments.
The winner of each tournament wins the whole prize for that tournament
the tournament winners are as follows:
Player 1: 1 tournament.
Player 2: 2 tournament.
Player 3: 2 tournaments.
Player 4: 3 tournaments.
Player 5: 7 tournaments.
Draw the Lorenz curve of this scenario (% earnings in the vertical axis; % players in the horizontal axis)
What is the name of this type of tournament and reward system?
What are the tournament organizers trying to achieve by setting a tournament this way?
Quickly read over the following study: https://runrepeat.com/racial-bias-study-soccer and draw a possible parallel between the comments in transmissions and the lack of black head coaches in sports. (20 points)
Read the following article on Texas and Oklahoma leaving for the SEC and answer the following questions: https://www.espn.com/college-football/story/_/id/31920686/texas-longhorns-oklahoma-sooners-unanimously-accept-invitation-sec (power points on chapter 12 available on canvas if necessary) (30 points; 15 each)
How is this decision going to impact the other universities in the Big 12 and in the SEC.
Who benefits the most? And who are going to be the biggest losers? (conferences, fans, student athletes,)
