Attendance and pricing at sporting events: empirical results from Granger Causality Tests for the Melbourne Cup
This study applies Granger causality tests to examine the relationship between attendance, admission prices and real income at the Melbourne Cup, which is Australia's premier horseracing event and one of the world's leading handicap races. The motivation for the paper is that while market demand suggests that causation should run from admission price to attendance, it is equally plausible that sporting authorities could alter admission prices in response to a change in demand reflected in attendance. The main findings are that in the short-run there is unidirectional Granger causality running from income to attendance, attendance to admission price and income to admission price, while in the long run both admission price and income Granger cause attendance.
Year of publication: |
2003
|
---|---|
Authors: | Narayan, Paresh Kumar ; Smyth, Russell |
Published in: |
Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 35.2003, 15, p. 1649-1657
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Energy consumption at business cycle horizons: The case of the United States
Narayan, Paresh Kumar, (2011)
-
Narayan, Paresh Kumar, (2011)
-
Substitution between energy and classical factor inputs in the Chinese steel sector
Smyth, Russell, (2011)
- More ...