University of Louisville’s Third International

Equine Industry Program Academic Conference

Conference Schedule

(All sessions at The Galt House Hotel, 140 North Fourth Avenue, Louisville, Kentucky)

Thursday, June 26, 2003

WELCOME 8:15 a.m.

SESSION 1 8:30 – 10:15 a.m.

Chair:

Richard Thalheimer, University of Louisville

Papers:

J. Shannon Neibergs, University of Louisville, Profitability Analysis of Weanling to Yearling Pinhooks.

Brian Chezum, St Lawrence University, New York, and Bradley Wimmer, University of Las Nevada, Las Vegas, When to Sell and When to Retain: Asset Ownership and Volatility, the Case of Pinhooking.

Jay E. Noel and James Ahern, California Polytechnic State University, San Luis Obispo, Determinants of Adverse Selection in Thoroughbred Yearling Sales: A- Logit Analysis.

Ramon P. DeGennaro, University of Tennessee, The Utility of Sport and Returns to Ownership.

Discussants:

Jay E. Noel, California Polytechnic State University, San Luis Obispo

J. Shannon Neibergs, University of Louisville

Brian Chezum, St. Lawrence University, New York

Janet Winters, Canterbury Christ Church, England

SESSION 2 10:30 – 11:45 a.m.

Chair:

Ramon P. DeGennaro, University of Tennessee

Papers:

Stephen Creigh-Tyte, Department for Culture, Media and Sport and University of Durham, England (visiting), Leighton Vaughan Williams, Nottingham-Trent University, England, Lisa Farrell, University of Melbourne, Australia, Chris Jones, Department for Culture, Media and Sport, England, Reform of the UK Gambling Industry. (Paper to be presented by Jonathan Gillham, Department for Culture, Media and Sport, England)

John Gandar, University of North Carolina at Charlotte, Richard Zuber and R. Stafford Johnson, Xavier University, Ohio, A Reexamination of the Efficiency of the Betting Market on National Hockey League Games.

Richard Thalheimer, University of Louisville, and M.M. Ali, University of Kentucky, The Relationship of Racing and Gaming to Personal Bankruptcies.

Discussants:

Richard Thalheimer, University of Louisville

Doug H. Owens, Texas A&M University

Jonathan Gillham, Department for Culture, Media and Sport, England

SESSION 3 1:15 – 2:45 p.m.

Chair:

Richard Zuber, University of North Carolina at Charlotte

Papers:

Adi Schnytzer and Yuval Shilony, Bar Ilan University, Israel, The Optimality and Statistical Detection of Price Rigging in Betting Markets.

John Douglas Peirson, Keynes College, University of Kent, England, The Economic Analysis of the Aggregate Efficiency of Decision-Making under Uncertainty: The Example of Parimutuel Betting.

Paul Twomey, University of Sussex, England, UK Horse Racing 2001: Predicting Spread Betting Points from Starting Prices.

Alistair C. Bruce, Nottingham University, England and Johnnie E. V. Johnson, University of Southampton, England, The Value of Volume: Efficiency Characteristics of a Parimutuel Betting Market.

Discussants:

Richard Zuber, University of North Carolina at Charlotte

J. Shannon Neibergs, University of Louisville

Richard Thalheimer, University of Louisville

Marshall Gramm, Rhodes College,Tennessee

SESSION 4 2:45 – 4:00 p.m.

Chair:

Adi Schnytzer, Bar Ilan University, Israel

Papers:

Les Coleman, University of Melbourne, Australia, What Value Can Experts Add?

Marshall Gramm, Rhodes College, Tennessee, and Doug H. Owens, Texas A&M University, Inefficiencies in Parimutuel Betting Markets Across Wagering Pools

Johnnie E.V. Johnson and Owen Jones, University of Southampton, England, Weak Form Inefficiency in the UK Horserace Betting Market: To What Extent Can Outsiders Benefit From Insiders' Market Signals?

Discussants:

Yuval Shilony, Bar Ilan University, Israel

Ramon P. DeGennaro, University of Tennessee

Adi Schnytzer, Bar Ilan University, Israel

Friday, June 27, 2003

SESSION 5 8:30 – 9:45 a.m.

Chair:

James Ahern, California Polytechnic State University

Papers:

Janet Winters. Canterbury Christ Church, England, Industrial Relations Lite? The Management of Industrial Relations in the UK Thoroughbred Racehorse Training Industry.

J. Shannon Neibergs, University of Louisville, and Nan-Ting Chou, Department of Economics, University of Louisville, The Demand for Thoroughbred Broodmare Characteristics In A Dynamic Hedonic Framework.

Patrick Rishe, Webster University, Missouri, Variable Ticket Pricing in Major League Baseball: A Case Study of the 2002 St. Louis Cardinals.

Discussants:

Nan-Ting Chou, Department of Economics, University of Louisville

James Ahern, California Polytechnic State University

Richard Wilcke, University of Louisville

SESSION 6 10:00 – 11:45 a.m.

Chair:

Robert G. Lawrence, University of Louisville

Papers:

James Ahern and Jay E. Noel, California Polytechnic State University, Economies of Scale

in Canadian Horse Production.

Robert L. Losey, American University, D.C., Is the Quality or Quantity of a Stallion's Runners More Important in Determining His Stud Fee and the Sales Prices of His Foals?

John Talbott, Wright State University, Ohio, Can Data Base Queries Overcome the Efficiency of Racetrack Betting Markets?

Phillip Coelho and James McClure, Ball State University, Indiana, Barriers to Entry in the Market for Stud Services: Government and "Non-Profit" Institutions in Collusion.

Discussants:

Robert L. Losey, American University, D.C.

John Talbott, Wright State University, OH

Les Coleman, University of Melbourne, Australia

Robert G. Lawrence, University of Louisville

OTHER CONFERENCE ACTIVITIES

Wednesday Evening

Welcoming cocktail party at The Galt House Hotel

Beginning at 6:00 pm; ending around 7:30 pm

Sponsored by Harrah's Entertainment, Inc.

Thursday Noon

Luncheon at The Galt House Hotel