Alessandro Corvasce (University of Milan)
Riccardo Ciacci, Davide Dragone and Filippo Passerini
We study the impact of professional football match results on transactions and spending in the commercial sex market. Relying on betting odds, our analysis allows us to decompose this effect into two components: the pure game effect and the emotional channel due to unexpected outcomes. Our findings indicate that unexpected losses of the home team lead to an increase in sex work activity on the day of the match, while expenditures and durations decrease also on the following days. Taken together, our results suggest that the emotional channel dominates the pure game effect.