Daily labor supply of stadium vendors: an empirical analysis of participation and effort decisions
Industrial Relations Section, Princeton University, 1997 - Business & Economics - 46 pages
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active vendor status aggregate vendor participation average vendor broad definition commission rate competing vendors conditional on participation costs of participation covariance matrix crowd Day/time/season of game definition of active demographic groups effort choices effort elasticities effort with respect elasticity of vendor empirical analysis estimated coefficients ex ante expected earnings expected utility field level hired individual dummies individual vendor labor supply elasticities log earnings equation major league baseball narrow definition Nash equilibrium number of active number of vendors opportunity costs panel participating vendors participation and effort participation behavior participation decision participation probabilities participation with respect potential vendor predicted log earnings probability of participation probit model product demand conditions profit maximization reservation utility respect to expected sample mean sample statistics scheduled season specification stadium summary statistics taxicab temporal variation total number vending subcontractor vendor earnings vendor effort vendor fixed effects vendor labor supply vendor-game vendors at game vendors selling wage weekday