Greg Eaton

@lugaricano FIFA also set a precedent last year by later cutting prices for the club World Cup, which may impact consumers’ beliefs about the likelihood of price cuts this go round

Has FIFA screwed itself (as well as the fans) with their pricing model? FIFA has created a ticketing mechanism in which it competes with itself. When tickets are sold in phases and prices can change later, fans not only compare today’s price with their value of attending. They compare today’s price with the price FIFA may offer tomorrow. That creates a waiting game. This is not Taylor Swift, where everyone anticipates all seats will be sold: it is buy now, or never. For some not-so-great WC game, if fans expect unsold inventory to appear later at lower prices, even eager fans prefer to delay their purchase. Weak early demand then makes later discounts more likely, confirming the original expectation. This is the classic commitment problem: FIFA wants high early prices, but cannot fully convince buyers that it will not undercut those prices later. The result is a market where the monopolist competes with itself.

@SteveThunderfan Yeah just wouldn’t agree that it was selling high or an overpay bc a lot of the draft comp was for the contract (if a back end starter has 3 more years at 4 mil a year, they’d fetch a lot more than the 25th pick and three seconds)

@GregWEaton Totally but he’s also not there as a player yet.

I’ve come around on “selling high.” It’s possible (likely?) McCain is just an awesome bench spark plug. You never get a 1st + 5 2nds for that, it’s what teams pay for a 4th guy. Morey wasn’t saying he won’t appreciate, he was saying it’s an overpay he’ll probably never meet. 1/2

Overall, despite limited oversight, this market seems reasonably healthy. More details, including a discussion of institutional details, can be found in the paper at the link below SSRN link: papers.ssrn.com/sol3/papers.cf…

While effective spreads during nocturnal hours are worse compared to regular hours, realized spreads (a measure of intermediation costs) are about the same or better We also find significant price discovery between 8 PM and 4 AM, particularly for exchange-traded products

Have new research with Andriy Shkilko and Ingrid Werner on 24-hour trading We document big growth in US equity trading between 8 PM and 4 AM (what we call nocturnal trading) We consider the implications for prices and market quality Short thread (link at end)

@IrlbeckSteve @mcsammon19 @jickerson @lukestein @RamonaDagostin1 @Zhi_Da @w_mullins_ @jiajie_xu1 @TQnomics @cellis212 @fsomogyi299 Was a lot of fun! Hope I can win the poker tournament next time

Many thanks to all participants, including @mcsammon19 @jickerson @lukestein @RamonaDagostin1 @Zhi_Da @w_mullins_ @jiajie_xu1 @TQnomics @cellis212 @GregWEaton @fsomogyi299

Had an incredible time at the 3rd ACFI Ski Conference in Bretton Woods! Great papers/discussions, great company, and some fresh powder. Looking forward to next year! #BWSkiConf

@ChrisHerpfer @aneroli Knights of Cydonia ftw

@aneroli Muse is goat

I’ve been having a day of it, then went into a coauthored Overleaf and saw a link to “Project Theme” - was a Muse song that perfectly captured our project.* Punny and great tunes. No explanation, just awesomeness. * watch this rogue link now make it into a conference submission.

@sammy_rosen Amex platinum is nice if you fly Delta regularly. Gets you access to centurion lounge and delta lounges. Fee is high (over $600) but you get sign up bonus points plus decent other annual benefits.

Anyone have recommendations for a credit card or other scheme for airport lounge access? I had Priority Pass for a while but its quality declined too much over time.

@ltabb @Bloomberg @AlpacaFinance @SoFi Nice. Computed from 606 filings?

We just updated our Payment for Order Flow data on @bloomberg to include 4 new brokers - FUTU, @Tradeup, @AlpacaFinance & @SoFi , Between those 4 & the other 10 (post Schwab consolidating AMTD), we capture 99+% of all PFOF. Can cut by Eq or Opt, $, Shares/Contracts, bkr, & MM

@joshua_t_white @matt_levine Oh you say sciencedirect.com/science/articl…

@WatsonLadd @Philipcheesy1 @prof_cookson @Key_Z_E I believe insurance plans do vary by state, presumably for regulatory reasons

@GregWEaton @Philipcheesy1 @prof_cookson @Key_Z_E Regulatory issue or data problem?

🚨New working paper with @key_z_e addressing the data gap on property insurance markets.  We develop a new dataset with over 47 million observations of homeowners insurance expenditures. nber.org/papers/w32579 The map of 2023 premiums shows massive heterogeneity:

@toniwhited Interesting. My gut reaction was I thought it was higher

Annual ritual. Count the number of published structural papers in corporate/banking/household/etc. for my Vienna PhD class. (I'm the dot in '92.) People think I like only structural, but HALF my CV is reduced form. I'm just having fun with structural right now.

Should be a good one

@malcolmwardlaw I grew up in that spot in Missouri that apparently has been saying soda since 1947. Guess it’s in my heritage

I grew up in Texas saying "Coke" and my wife grew up in Oregon saying "Pop". We both just realized that we now say "Soda" but don't remember when or why it happened...

@joshua_t_white @VanderbiltOwen Looks great. Invite only or open to public? Paper submissions?

@SashaIndarte We don't even have office phones! Millennials showing their clout

For any other millennial prof that needs to hear this: I also don't know how to use my office phone and it's ok to never check its voicemail

@TQnomics Yea that can be difficult! The opponent is from non-power conference, which helps some. We were able to snag a few rooms last year.

Submit your papers to the UGA finance football conference! Deadline is March 22. A small set of presentations/discussions on Sept. 6, followed by a fun dinner. Then tailgating and a college football game on the 7th! Link: ssrn.com/index.cfm/en/j…