Daily Labor Supply of Stadium Vendors: An Empirical Analysis of Participation and Effort Decisions |
Common terms and phrases
active status active vendor status aggregate vendor participation assume average vendor broad definition commission rate competing vendors conditional on participation covariance matrix crowd Day/time/season of game definition of active dummies 000 dummy variables effort choices effort elasticities effort with respect elasticity of vendor empirical analysis estimated coefficients expected earnings expected utility field level game dummies hired individual dummies individual vendor labor supply elasticities log earnings equation major league baseball Monday-Thursday narrow definition Nash equilibrium number of active number of vendors opportunity costs panel participating vendors 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 sample mean sample statistics 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 X₁it X2it