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Emmanuel Caiazzo, Claudio Chino, Raffaele Mattera and Chiara Scarfato
''Social pressure and home bias in football: evidence from Italy''
( 2022, Vol. 42 No.2 )
In this paper, we follow an Instrumental Variable (IV) estimation strategy to assess the impact of crowd effects on the outcomes of the Italian Serie A matches. We use weather conditions to instrument for crowd attendance. We verify the validity of our identification strategy by taking advantage of matches played during the COVID-19 outbreak in Italy. We find that crowd effects have a positive impact on the home team performance.
Keywords: Sport Economics, Fans support, Football match, Soccer, Home bias, Home advantage, Instrumental Variable
JEL: L8 - Industry Studies: Services: General
C9 - Design of Experiments: General
Manuscript Received : Jan 08 2022 Manuscript Accepted : Jun 30 2022

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