Essays on the Economics of Sports Wagering Markets

Author

Jacob LambFollow

Date of Award

5-2023

Document Type

Dissertation

Degree Name

Doctor of Philosophy (PhD)

Department

Economics

Committee Chair/Advisor

Raymond D. Sauer

Committee Member

Scott Baier

Committee Member

F. Andrew Hanssen

Committee Member

Bradley K. Hobbs

Abstract

Economists have long been enamored with using wagering markets and sports data to answer various economic questions. Wagering market data are readily available to answer any number of questions relating to sports and economics. However, most studies surrounding wagering markets have focused on searching for inefficiencies and, consequently, profitable betting strategies against the house. This dissertation takes a different approach, focusing on the information that can be extracted from efficient wagering markets and using that information to answer economic questions. Rather than hunting for inefficiencies, this dissertation confirms the efficiency of wagering markets and uses wagering markets to answer questions in labor economics and information economics. This dissertation also delves into the political economy questions of how sports wagering markets are regulated.

Recommended Citation

Lamb, Jacob, "Essays on the Economics of Sports Wagering Markets" (2023). All Dissertations. 3327.
https://tigerprints.clemson.edu/all_dissertations/3327