The demand for chess in the United States, 1946-1990.
Chressanthis, George A.
I. Introduction
Ever since the seminal works of Becker (1965, 1975), economists have
been fascinated with how consumers allocate their time among competing
demands. However, far less research has been undertaken to explain the
determinants of the demand for specific leisure activities. The probable
reason for this void in research is the problem of securing data
necessary to estimate a demand relationship.
This paper, with the help of data made available by the United States
Chess Federation (USCF), will investigate the per capita demand for
chess membership in the USCF from 1946-1990. Chess has long been
considered an activity associated with other intellectual pursuits. The
skills needed to be an accomplished chessplayer are often associated as
necessary requirements to obtain success in other intellectual
activities. Thus, while this study is specific to chess, it may also
shed some light as to the demand for similar intellectual endeavors.
II. Chess in the United States
While its basic elements are fairly easy to learn, the game of chess
is an extremely difficult and time-consuming game to master. Mastery of
chess requires large investments in developing and refining human
capital skills over long periods of time. For this reason, those players
who have reached the highest level of play generally did so by learning
the game in childhood. Only through continued study and practice for
years in tournament play do individuals become master chessplayers.
Few individuals in the United States are chess professionals as
measured by the attainment of the international title of grandmaster
(GM). A recent listing published by the United States Chess Federation
(1992), the principal governing body in this country which promotes and
sponsors chess activities, names only 41 grand-masters out of a total
USCF 1991 membership of 57,617.(1) Many of these internationally-titled
players are emigres from other countries such as the former Soviet
Union.(2) GMs try to make a living through monies won in chess
tournaments here and abroad, or earned from activities such as
instruction, writing articles or books, and simultaneous exhibitions. An
equally small number of individuals in this country make their living
through chess-related activities like selling chess equipment (i.e.,
chess sets, clocks, and books) and sponsoring and directing chess
tournaments. Thus, for the overwhelming majority of players in this
country, chess represents a leisure activity much like any other hobby
or non-work endeavor.
Amateur chessplayers who join the USCF (founded in 1940), already
place themselves in a distinct class of individuals from the rest of the
national population. USCF members pay an annual membership fee which
secures the right to enter all USCF sanctioned open events (after paying
a tournament entry fee) and receive a rating (a measure of one's
plying strength relative to other chessplayers). They also enjoy
discounted prices for the purchasing of chess equipment, and receive a
monthly magazine which keeps players abreast with chess related events
here and abroad.
Players receive ratings after entering their first tournament, which
can increase with wins or draws (provided the opponent has a higher
rating) against other chessplayers. More points are awarded if the
opponent has a higher rating. Reaching the top national rating category
of master is attained by few chessplayers in the USCF (approximately
2%). However, players can lose their master title by continued poor
play. Thus, attaining and keeping this elusive title is extremely
difficult.
Several alternative chess-related activities are available through
membership in the USCF. According to the 1991 USCF annual rating list,
28,360 USCF members played in over-the-board (OTB) games during 1991
through chess tournaments sponsored at the club, local, state, regional,
and national levels. Many chess enthusiasts (approximately 11,000 as of
1991), for a variety of reasons, devote time to correspondence or postal
chess. The USCF sponsors tournaments for these players, who like OTB
players, can receive a postal rating and win prizes. A very small number
of players devote themselves as composers of chess problems and endgame
studies. Players in both of these areas can also receive international
and national titles like OTB players. Lastly, since chess enthusiasts
can engage in a number of different chess activities at the same time,
the membership numbers provided by the USCF suggest that a significant
portion of USCF members merely receive the monthly magazine and follow
chess events in the U. S. and around the world. Thus, these individuals
are interested enough in chess to join the USCF, though are unwilling or
unable to participate further in its specific activities. A good review
of the history and activities of the USCF for those not familiar with
this organization is given in the 1992 yearbook issue of Chess Life published by the USCF (April 1992, pp. 43-57).
Thus, this paper will investigate the demand for a specific type of
chess activity, those who choose to join the USCF. This is not to
suggest that the only chessplayers in the United States are USCF
players. Chess is probably played casually by tens of millions of people
in this country. Although, it is probably safe to say, that those
individuals who are able and willing to seek higher levels of knowledge
and competition in chess do so via the USCF.
III. Demand Estimation
The demand regression equation for chess ([q.sub.t]*) over time t
must contain determinants consistent with an ordinary demand function
specification such as a vector of prices ([P.sub.t]) and income
([m.sub.t]) variables, a vector of exogenous variables ([x.sub.t]) that
will change the demand for chess activity, the work-leisure tradeoff
([w.sub.t]), the tradeoff amongst alternative leisure ([l.sub.t])
activities, and changes in effort by the USCF ([e.sub.t]) that can
effect chess membership.(3) Thus, the estimation problem can be written
as follows:
[q.sub.t]* = q([p.sub.t], [m.sub.t], [x.sub.t], [w.sub.t], [l.sub.t],
[e.sub.t]) (1)
where aside from the usual price effects, [q.sub.2][is greater
than]0, [q.sub.4][is less than]0, [q.sub.5][is less than]0, and
[q.sub.6][is greater than]0 are the signs for the expected marginal
effects. The expected signs suggest that chess is a normal good, that
increased time spent on work (w) and other leisure (l) activities will
decrease demand, and increased effort by the USCF to promote chess (e)
will increase demand.
Data and Empirical Model
The empirical model attempts to explain annual variations in per
capita USCF membership, as indicated in Figure 1, over the period
1946-1990.(4) The data for this study came from the USCF national office
and monthly issues of Chess Life (formerly entitled Chess Life &
Review) dating back to 1946 for all chess-related variables, and
traditional government-based publications for all remaining
socio-economic variables in the model.(5)
The specification of the empirical model conforms to theoretical
expectations. The regression equation contains explanatory variables
consistent with a traditional ordinary demand function. In addition, the
model contains variables which capture allocation of time decisions that
are expected to alter the per capita demand for chess membership over
time:
[MEMBERSHIP.sub.t] = [Alpha] + [[Beta].sub.1][PRICE.sub.t] +
[[Beta].sub.2] [YOUTH.sub.t] + [[Beta].sub.3] [SCHOLASTIC.sub.t] +
[[Beta].sub.4] [INCOME.sub.t] + [[Beta].sub.5] [FISCHER.sub.t] +
[[Beta].sub.6] TV [STATIONS.sub.t] + [[Beta].sub.7][ WORK.sub.t] +
[[Beta].sub.8] [TOURNAMENTS.sub.t] + [[Beta].sub.9] [OBSSQ.sub.t] +
[[Epsilon].sub.t] (2)
where t = 1946, 1947, . . ., 1990. Table 1 provides all definitions
of variables employed in the empirical model along with expected signs
for all coefficients.
The dependent variable is USCF membership per 100,000 U.S. civilian
population greater than or equal to 5 years of age (MEMBERSHIP).
Civilian population (which includes armed forces overseas) is used since
membership rights are open to and chess tournaments are held for USCF
members in the military stationed abroad. The age of five years is
approximately the age at which individuals can begin to learn chess.(6)
The list of independent variables comprising an ordinary demand
function begins with the one-year regular membership price adjusted for
consumer inflation (PRICE). The expected sign on the coefficient is
negative, given the law of demand. The next two variables, YOUTH and
SCHOLASTIC, represent the enactment of alternative prices for
individuals age 19 and under. The YOUTH membership pricing structure,
which began in 1967, offers younger individuals full membership benefits
at about TABULAR DATA OMITTED half the regular membership rate. The
SCHOLASTIC membership pricing structure, which began in 1976, offers
younger individuals full membership benefits at a rate about half the
youth membership rate, but excludes the monthly magazine. Both YOUTH and
SCHOLASTIC are specified as zero-one dummy variables. The existence of
both pricing structures are expected to increase USCF membership. The
variable INCOME accounts for changes in real disposable income per
capita. The assumption is that the demand for chess is a normal and/or
luxury good, thus attaining a positive coefficient for this variable. In
addition, the INCOME specification also measures the effect from changes
in cyclical trends over time. Given the costs associated with travelling
to and entering in OTB tournaments, INCOME measures the ability of
members to absorb these costs.(7)
The remaining variables account for additional exogenously and
endogenously-defined shifts that will change the demand for chess over
time. The variable FISCHER accounts for the explosive impact on American
chess from Robert Fischer winning the world championship against Boris
Spassky in Reykjavik, Iceland in 1972. Fischer's reign as the first
official American world champion went from 1972-1975.(8) The
specification of the variable FISCHER, defined as 1946-1971 = 0,
1972-1975 = 2, and 1976-1990 = 1, represents that Fischer's effect
has been long-standing on American chess, going well beyond the years in
which he held the title.(9) This specification also suggests the
Fischer's effect on USCF membership has been less pronounced after
his title reign than during his years as world champion. A simple 0-1-0
dummy scheme to account for the periods before, during, and after his
world championship reign, wrongly suggests that Fischer has had no
effect on USCF membership and American chess after he forfeited the
title to Anatoly Karpov in 1975. Fischer's world championship
victory and personal mystique have been kept alive by a plethora of
chess books and writings in the popular press as to his whereabouts
after he left the public arena in 1972. As evidence of his longlasting
impact on chess and potential effect on USCF membership, that despite an
absence from chess competition in public for 20 years since his world
championship match with Spassky in 1972, Fischer's return to chess
in September 1992 in a rematch against Spassky has generated excitement
and controversy unmatched by anyone currently playing in American chess.
Last, and most important of all, Fischer's victory in 1972 brought
exposure to chess, stimulating an attention to the game that goes well
beyond his world title years.
The next two variables account for alternative uses of time from the
context of leisure and work that tend to reduce USCF membership. The
variable TV STATIONS represents the number of commercial television
stations per capita, adjusted for percent of total households having at
least one television.(10) The expected negative sign implies that the
growth of this form of entertainment occupies more of people's time
to the exclusion of other activities. In addition, the growth of
television is expected to have a negative distracting influence on
younger individuals to engage in chess activities, compromising the
ability of the USCF to attract new members. The variable WORK represents
the percent of time per week individuals are working, thus capturing the
work-leisure trade-off. Given the time-consuming nature of playing
chess, this variable is expected to have a negative sign.
The variable TOURNAMENTS measures changes in effort by the USCF
national office to raise membership through the sponsorship of national
OTB tournaments.(11) A more desired measure of effort is an annual count
of USCF-affiliated chess clubs around the country. Unfortunately, such
data has not been calculated or kept over the long sample time period in
question. However, the variable TOURNAMENT does measure indirectly the
increased development and activities by local clubs over time since
national tournaments are coordinated with the assistance from organizers
at the local level. National tournament cites are bid for by local clubs
and state organizations as an additional way to promote chess in their
immediate area or region. Thus, an increased ability for the USCF to
hold more national tournaments in varied locations around the country
does suggest a greater local organizational network to support and
promote chess. An alternative proxy variable could be to calculate
degree of urbanization in the United States since chess clubs and
tournament activities are primarily located in cities. Again however,
this measure is also not readily available.(12)
The last variable in the model is a time-counter squared measure
(OBSSQ) to account for non-linearity in the trend of per capita USCF
membership. As Figure 1 illustrates, the data exhibits an increasing
rate growth path up through the Fischer title years while illustrating a
more stabilized membership pattern afterwards. The expected negative
sign suggests that per capita membership follows a general cubic
function relationship. Table 2 Provides for the descriptive statistics of all variables in the empirical model.
Empirical Results
The empirical results for the regression equation displayed in Table
3 exhibit excellent statistical characteristics in terms of the adjusted
[R.sup.2], Durbin-Watson, and F statistics. Moreover, no rejections of
hypothesis tests concerning the anticipated signs on coefficient
estimates occurred, and most estimates attained highly significant
t-statistics. Unstandardized and standardized coefficients are provided
in Table 3, the latter estimates allowing for direct comparisons of the
coefficients to determine the relative importance of the independent
variables [see Pindyck and Rubinfeld (1991, p. 85)].
The regression equation was respecified to account for expected
simultaneity bias between MEMBERSHIP and TOURNAMENTS, using the
procedure developed by Hausman (1978) and recommended by Pindyck and
Rubinfeld (1991, pp. 174-176 and 303-305). The variable TOURNAMENTS was
determined to be a function of MEMBERSHIP, INCOME, FISCHER, a year time
trend, and the percent of U. S. civilian population ([greater than or
equal to] age 5) that is white male. A reduced-form equation was
formulated for TOURNAMENTS using the equation for MEMBERSHIP, and
estimated using OLS. The residual value for TOURNAMENTS was calculated
(RTOURNAMENTS) and applied directly into the OLS regression equation for
MEMBERSHIP. The application of the Hausman specification test provided
for the variable TOURNAMENTS to be significant with a positive
coefficient sign as expected while accounting the for potential
simultaneity bias in the OLS estimation.(13)
TABLE 2
Descriptive Statistics
Standard
Dependent Variable Mean deviation Minimum Maximum
MEMBERSHIP 12.22 10.80 0.73 30.38
Independent Variables
PRICE 19.96 4.82 11.32 29.94
YOUTH 5.33 0.50 0.00 1.00
SCHOLASTIC 0.33 0.48 0.00 1.00
INCOME 8599.24 2290.35 5227.68 12422.34
FISCHER 0.51 0.66 0.00 2.00
TV STATIONS 0.25 0.12 1.42E-06 0.43
WORK 22.30 1.15 20.54 24.23
TOURNAMENTS 8.67 4.61 2.00 17.00
OBSSQ 720.49 655.71 1.00 2116.00
The significant variables in the model are PRICE, INCOME, FISCHER, TV
STATIONS, WORK, TOURNAMENTS, OBSSQ, and RTOURNAMENTS [residual
calculation of TOURNAMENTS to account for simultaneity bias as suggested
by Hausman (1978)] as well as the CONSTANT. The empirical results reveal
that variations in per capita USCF membership vary systematically
according to implications of the law of demand. PRICE has a negative
coefficient as expected and INCOME exhibits a positive coefficient sign,
confirming the normal demand for chess as a leisure good. Moreover,
changes in tastes and preferences towards chess, embodied by the
variable FISCHER, and competing uses of time, measured by TV STATIONS
and WORK, all reveal expected effects. Also, the significant positive
coefficient on TOURNAMENTS confirms expectations that the demand for
chess increases with greater effort by the USCF to promote chess
activities and membership. In addition, the significance of the CONSTANT
in the positive direction suggests that there are possible unobservable
factors at work in bringing people to organized chess activities
unrelated to the factors expressed in the model. Finally, the
significance of OBSSQ suggests non-linearity in the trend of per capita
USCF membership over time, as expected. An examination of the per capita
membership data displayed in Figure 1 also reveals a national threshold
function, where the trend since 1975 (the year Fischer lost his world
title) has been fairly flat. This suggests the possibility of
longer-term socio-economic, demographic, and/or cultural factors working
against the ability of the USCF to raise per capita membership. The
relative importance attached to OBSSQ, given the standardized
coefficient estimate of -1.153, the largest measure in absolute value
among all standardized coefficients, would confirm this assertion.
An examination of the remaining standardized coefficient reveals
results consistent with expectations. Not surprisingly, the variable
TOURNAMENTS has the highest positive standardized coefficient estimate
of .801. This result supports the importance of the national and local
organizational chess network to encourage greater chess activities and
stimulate membership. The variable INCOME also has a high positive
standardized coefficient of .636. This is consistent with the economic
and educational background of individuals attracted to chess as a
leisure activity. In addition, given the large number of members who are
not active OTB players (50% for the year 1990), the demand for USCF
membership can be viewed as a method used by individuals to achieve
intellectual status of which income would be the most important
determinant. Furthermore, the inactivity of many members may also
explain why various attempts to model prices of complementary goods that
are evident in OTB chess did not reveal statistical significance.
Finally, the low ratio of OTB players to total USCF membership and the
intellectual status that can be attached to USCF membership may also
explain why the effects from PRICE and TV STATIONS are less than the
effects from INCOME and WORK. While the increased popularity of chess
brought by Fischer's victory (FISCHER) is evident (.308),
dominating the effect from PRICE (-.117) and just slightly more than TV
STATIONS (-.280), the effect from WORK (-.713) is more than twice as
great in the opposite direction. These results suggest that studying
chess and playing in tournaments is a very time-consuming process, and
thus the impact of work time is quite revealing.
TABLE 3
OLS Estimates of the Determinants of the Demand for Chess in the United
States, 1946-1990
Dependent variable Standardized
Explanatory variables MEMBERSHIP coefficients
CONSTANT 146.816(a*)
(3.007)
PRICE -0.263(c) -.117
(-1.520)
YOUTH 0.843
(0.245)
SCHOLASTIC -0.891
(-0.382)
INCOME 0.003(b) .636
(2.076)
FISCHER 5.036(a) .308
(5.117)
TV STATIONS -24.241(b) -.280
(-1.919)
WORK -6.692(a) -.713
(-3.137)
TOURNAMENTS 1.879(b) .801
(1.877)
OBSSQ -0.019(a) -1.153
(-3.491)
RTOURNAMENTS(**) -1.763(b)
(-1.838)
Adjusted [R.sup.2] .968
D-W 2.296
F 132.421
N 45
Notes: t-statistics are given in parentheses. All hypotheses tests are
one-tailed.
* Unstandardized coefficient estimates.
** Defined as TOURNAMENTS -- (fitted value of TOURNAMENTS) to account for
simultaneity bias as suggested by Hausman (1978).
a,b,c Statistical significance at the 1%, 5%, 10% level respectively.
IV. Conclusions and Implications
This paper develops estimates of the demand for chess in the United
States for the period 1946-1990. The statistical results conform to prior expectations regarding coefficient estimates on price, income, and
tastes changes as suggested by the law of demand as well as factors
measuring significant alternative uses of time which could lessen
people's ability or desire to play chess through the USCF and
efforts by the USCF to increase membership and chess activities. Also,
the results are insensitive to alternative variable and model
specifications. Although not measured in this study, it would be of
interest for future research work to determine the effect on chess and
other intellectual activities from the rise of electronic and computer
games (including chess), cable television, and VCR's. This study
along with future research may yield additional insights into the
determinants of demand for other intellectual endeavors.
Recently, the USCF has acted more aggressively in ways that are
consistent with implications from these empirical findings that occur
too late in the sample period to be included in this analysis. First,
the USCF has reached out to younger children in city neighborhoods
through exhibitions and special events in order to develop a greater
enthusiasm for the game. In addition, the USCF has promoted non-rated
beginner events and rated beginner opens for low-rated or unrated
players as a way to increase membership and promote greater OTB chess
activity by players. The USCF also arranges "chess camps" to
encourage and promote young promising talent, and further, advocates the
use of chess in the schools and inner city neighborhoods as an
educational aid and a tool against drug use. Second, the USCF has also
allowed faster time controls for full-rated games, allowing individuals
to get more chess activity within a smaller time frame. While chess
purists have objected to the increased speed of chess games, a typical
5-round tournament that once took an entire weekend to complete can be
finished in one day. Thus, the savings in time reduces costs for players
and tournament organizers alike. In addition, the quickening pace of
chess games with "sudden death" time controls have enlivened games that could drag on for hours beyond the initial time control
making chess more appealing to younger players who are attracted to
other games that offer greater excitement at a faster pace.(14) Third,
the USCF was active in securing the location for the first 12 games of
the 24-game Kasparov-Karpov word championship match played in New York
City in the fall of 1990. Fourth, current world champion Gary Kasparov has been active in recent years promoting chess in the United States,
targeting in particular young and promising talent.
Finally, and in a "move" unexpected by the chess
establishment, the return of Bobby Fischer in September 1992 with his
winning $5 million rematch with Boris Spassky ($3.35 and $1.65 million
to the winter and loser respectively) in Sveti Stefan, Yugoslavia has
brought chess once again national and international attention. While his
return has been marked by controversy, something certainly not uncommon
with Fischer, his reentry into the public chess arena will fuel
discussion as to whether he will once again compete for the world title.
Given the empirical evidence presented here, all of these actions and
events should increase the accessibility, awareness, and popularity of
chess in this country, ceteris paribus.
Notes
1. There are also 59 International Masters (IMs) and 19 International
Women Masters (IWMs) in the United States as given in the April 1992
issue of Chess Life published by the USCF. However, a larger proportion
of these players may not rely on chess as their primary source of income
than players with a GM title.
2. Players from the former Soviet Union have dominated the world
chess scene since before WWII when Russian Dr. Alexander Alekhine defeated Cuban Jose Capablanca in 1927. Aside from two brief world title
reigns by Dr. Max Euwe (Holland, 1935-1937) and Robert Fischer (United
States, 1972-1975), the world champion as been a Soviet player. Lastly,
while the countries that comprise the former Soviet Union have the
world's most GMs, Iceland has the most GMs per capita.
3. The price vector should comprise only the membership price and
complementary good price effects. Since the USCF is the only national
chess organization in the U. S., there are no true substitute goods for
people who seek chess competition with others.
4. Although the USCF was created in 1940, the choice of starting the
empirical analysis in 1946 was done to avoid the special circumstances specific to the years during Word War II.
5. The USCF national office provided annual membership data dating
back to 1940 while the membership price information was retrieved from
each January issue of the USCF magazine with assistance from the USCF
national office.
6. The empirical results did not vary when U. S. resident population
was used without any age restriction. The age 5 was used since the USCF
holds a national championship tournament for elementary students as
early as kindergarten. These empirical results are available from the
author upon request.
7. A variety of complementary good prices were added to the
regression, though each specification did not reveal any significance.
Price indices for postcard rates (postal chess), fuel for automobiles,
consumer goods, and public transportation (all representing costs
associated with travel to tournaments) were employed. Data for
developing a chess book price index was not readily available. Buying
many chess books is not necessary for becoming a member and attaining a
reasonable rating, though being a master requires more effort and
expenditures on books. In addition, a price index for tournament entry
fees was also not readily available, although these and other prices are
captured in part by the consumer price index which was employed without
success. Given the historical evidence of a low ratio of OTB players to
USCF membership as measured by the annual rating list published by the
USCF, the insignificance of variable measures to approximate changes in
expenditures related to OTB chess activity should not be surprising.
Lastly, prices for chess sets and clocks were also not readily
available. However, unlike the other expenditures previously mentioned
which can occur on an annual basis if someone chooses to be an active
OTB or postal player, buying chess equipment is more of a one-time
expenditure which can last for many years. The statistical results
mentioned above are available from the author upon request.
8. Paul Morphy (1837-1884), a native of New Orleans, is considered by
many chess historians to be the first American world champion, though no
official title match was ever played.
9. Fischer was formally crowned as world champion on September 3,
1972 and officially lost the title on April 25, 1975. There are a
variety of reasons for specifying 1972 as part of Fischer's reign
as world champion, even though he formally won the title rather late in
the year. First, anticipation about his title chase was abound after his
convincing 1970 victories (score in parentheses) in the qualifying
inter-zonal tournament at Palma de Majorca, Spain (18.5-4.5), the Buenos
Aires International (152), and the Herceg Novi Five Minute World
Championship (19-3), where former world champion Mikhail Tal finished a
distant second at 14.5 points. Second, Fischer then easily disposed of
GMs Mark Taimanov (Soviet Union) and Bent Larsen (Denmark) by the scores
of 6-0 in early 1971 in challenger elimination matches. Such scores
against GM competition are rare. Third, he then convincingly disposed of
former world champion Tigran Petrosian (Soviet Union) 6.5-2.5 in October
1971, the final obstacle before the world championship match with
Spassky. Thus, the Fischer-Spassky match had been known since October
1971 and officially started in July 1972, with many chess experts predicting and expecting a Fischer win. The final Fischer-Spassky score
was 12.5-8.5 [New York Times Company (1972, 1973) and Chess Life &
Review (various issues)].
10. A theoretically better measure would be average television
viewing time per week per household. while Nielsen data on television
viewing was obtained as early as 1950, data for many of the intervening
years were not readily available. However, using a simple regression based upon time with 19 years of data available, the remaining years
were estimated (a monotonically rising function). This variable (average
viewing time per week adjusted for household coverage of television
sets), also revealed a statistically significant negative coefficient
sign. These results are available from the author upon request.
11. USCF sponsorship of national tournaments include the following
championships: U. S. Championship, U. S. Open, U. S. Women's
Championship, U. S. Junior Invitational, U. S. Amateur, National Open,
National Elementary, National Junior High, National High School, U. S.
Amateur Team, U. S. Cadet, U. S. Junior Open, U. S. Senior, U. S. Class,
Arnold Denker Tournament of High School Champions, U. S. Action, U. S.
Blind, and Pan Am Intercollegiate Team [USCF (April 1992, pp. 54-56)].
The specific years when each of these tournaments were held are
available from the author upon request.
12. Data on USCF expenditures was not readily available over the
entire period as a possible alternative specification for USCF effort to
raise membership. However, most dues monies goes toward funding the
monthly magazine. In 1992 for example, $21 of every regular membership
price of $30 goes toward the subscription to Chess Life.
13. The variable TOURNAMENTS did not reveal significance in the OLS
estimation without the correction for simultaneity bias. These
statistical results are available from the author upon request.
14. All rated OTB chess games must be timed by a chess clock which
keeps track of the time used up (and thus remaining) for each player.
Typical first time controls without "sudden death" are for
example 40 or 50 moves in 90 minutes or 2 hours respectively for each
player. If a game is not over after the first time control (assuming
that each player has made the allotment of moves within the time frame
given, and if not, the first person violating the time control loses the
game), then secondary time controls are instituted such as the next 20
or 30 moves in 1 hour (unused time from the first time control is
carried over to the next time control). Thus a 70 move game can last
around 6-7 hours. A "sudden death" time control can be as fast
as 30 minutes to each player for the entire game. The game will either
be decided on the board or by the clock, whomever violates time control
first. More importantly however, the game will be over in only 1 hour
instead of potentially 6-7 hours.
References
Becker, Gary S., "A Theory of the Allocation of Time,"
Economic Journal 75 (September 1965), 493-517.
Becker, Gary, S., Human Capital: A Theoretical and Empirical
Analysis, with Special Reference to Education, 2nd ed. (Chicago: The
University of Chicago Press, 1975), 56-71.
Hausman, Jerry A., "Specification Tests in Econometrics,"
Econometrica 46 (November 1978), 1251-1271.
Office of the President, Economic Report of the President, various
issues.
Pindyck, Robert S., and Daniel L. Rubinfeld, Econometric Models &
Economic Forecasts, 3rd ed. (New York: McGraw-Hill, 1991).
The New York Times Company, The New York Times Index (annual): A Book
of Record, various issues.
U. S. Chess Federation, Chess Life (formerly entitled Chess Life
& Review), various issues; and, National Office of the U. S. Chess
Federation located in New Windsor, NY.
U. S. Department of Commerce, Bureau of the Census, Current
Population Reports, Series P-25, various issues.
U. S. Department of Commerce, Bureau of the Census, Historical
Statistics of the United States, Colonial Times to 1970, Bicentennial Edition, Parts 1 and 2, 1975.
U. S. Department of Commerce, Bureau of the Census, Statistical
Abstract of the United States, various issues.