Major League Baseball pitcher Roger Clemens has been accused of using performance-enhancing drugs to boost his performance. If Clemens used ergogenic aids consistent with the accusations of use, then unusual changes in productivity may be evident in his performance record. Two previous studies...

This study examines reasons for the declining share of revenue going to Major League Baseball players. Though the players' union and team owners have proposed competing explanations, the phenomenon has not received any rigorous academic study. Economic theories for the similar decline of labor's...

This study examines the determinants of Major League Soccer team attendance during the league's recent era of growth. Estimates indicate that regular-season on-field performance is positively associated with attendance, but the returns to success are diminishing. Positive novelty effects are...

Movie production incentives (MPI) are a popular economic development strategy employed by US states. Film subsidies are intended to encourage external investment into an untapped industry that spills over onto complementary industries to generate economic growth through a multiplier. Despite...

Most US states have adopted movie production incentives with the intention to stimulate state economic growth through film industry investment and related economic activity. Previous cross-state studies of film incentives have not identified a stimulus effect; however, the zero-sum nature of...

A unique aspect of Major League Soccer (MLS) among professional sports leagues is that it operates with a single-entity ownership structure in which teams are managed by a group of co-investors rather than individual team owners in a joint venture. Revenue-sharing from a common pool raises the...

Standard neoclassical principal-agent theory predicts that stricter monitoring should reduce employee shirking from principal desires; however, recent analyses indicate that social aspects of principal-agent relationships may result in monitoring “crowding out” disciplinary effects. From...

Local governments often justify subsidizing sports stadiums as economic development projects that have positive returns on investment. If this is true, economic and quality-of-life spillovers that are capitalized in local property values ought to generate additional tax revenue for host...

Though most studies find that sports stadiums are not strong drivers of economic activity in metropolitan areas, localized development effects may be sufficient to justify public subsidies for a host municipality if circumstances are favorable. This analysis examines the economic ramifications...