Abstract
In this study, we test the relationship between price volatility and contract maturity, or the “Samuelson effect,” using futures contract prices for a major sports event. Applying four different performance measures, we show supportive evidence of the Samuelson effect in futures contracts for tickets to the Super Bowl XLIII [2009], using the dynamic panel estimation method. Our main contributions are testing the existing theories in a novel setting with unique product features and advancing our understanding of the prediction market for sports events.
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