期待蜜月：美国职业棒球大联盟新球场效应的事件研究估算

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-05-09 DOI:10.1111/ecin.13149

Stefan Szymanski

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引用次数: 0

摘要

本文估计了1970年至2019年间，新体育场对美国职业棒球大联盟球队上座率和收入的影响。最近的研究表明，双向固定效应（TWFE）模型可能会产生有偏差的估计，因此提出了一种“插补”方法。本文使用插补方法，根据未经治疗的观察结果生成反事实估计：治疗后的平均治疗效果（ATT）等于实际估计值和反事实估计值之间的差。分析表明，新体育场在开幕前三个赛季都会产生显著的预期效应。这表明，之前的估计可能大大低估了新体育场的收入增长。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

Anticipating the honeymoon: Event study estimation of new stadium effects in Major League Baseball using the imputation method

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Anticipating the honeymoon: Event study estimation of new stadium effects in Major League Baseball using the imputation method

This paper estimates the impact of new stadiums on attendance and revenues of Major League Baseball teams between 1970 and 2019. Recent studies reveal that two-way fixed effects (TWFE) models may produce biased estimates, proposing an “imputation” method instead. This paper uses the imputation method to generate a counterfactual estimate, based on untreated observations: the average treatment effect on the treated (ATT) equals the difference between actual and counterfactual estimates. The analysis shows that there were significant anticipation effects associated with new stadiums, up to three seasons before opening. It suggests previous estimates may significantly understate new stadium revenue gains.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.