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Civic boosters generally have estimated the Super Bowl to have an impact of $300 to $400 million on a host city’s economy. The National Football League has used the promise of an economic windfall to convince skeptical cities that investments in new stadiums for their teams in exchange for the...
Persistent link: https://www.econbiz.de/10005526889
An empirical analysis of the economic impact of the Major League Baseball’s postseason on host-city economies from 1972-2001 suggests that any economic benefits from the playoff are small or non-existent. An examination of 129 playoff series finds that any increase ineconomic growth as a...
Persistent link: https://www.econbiz.de/10005526894
Previous research has concluded that the 1981 and 1994/95 Major League Baseball (MLB) strikes have caused short-term losses in attendance but have not resulted in any long-term effects on attendance. While total attendance at MLB games following the 1994/95 strike has recovered to its pre-strike...
Persistent link: https://www.econbiz.de/10005526895
Supporters of sports stadium construction often defend taxpayer subsidies for stadiums by suggesting that sports …
Persistent link: https://www.econbiz.de/10005545411
Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. Developing countries have become increasingly vocal in demanding a share of the economic benefits of these...
Persistent link: https://www.econbiz.de/10005545419
This paper examines the relationship between hosting mega-events such as the Super Bowl, Olympics, and World Cup and rental housing prices in host cities. If mega-events are amenities for local residents, then rental housing prices can serve as a proxy for estimating residents’ willingness to...
Persistent link: https://www.econbiz.de/10005545421
The purpose of this paper is two-fold. First, it lays forth a rationale for the use of court cases in teaching a sports … economics class. Second, it provides an overview of the most important cases related to sports economics. Court classes allow … standard textbook that are accessible to most undergraduates. A sports economics course with a focus on legal issues also …
Persistent link: https://www.econbiz.de/10005545426
This paper examines issues related to the economic impact of sports championships on the local economy of host cities …
Persistent link: https://www.econbiz.de/10005545430
Critics of economic impact studies that purport to show that mega-events such as the Olympics bring large benefits to the communities “lucky” enough to host them frequently cite the use of inappropriate multipliers as a primary reason why these impact studies overstate the true economic...
Persistent link: https://www.econbiz.de/10005545436
Over the past 15 years, new stadiums in the National Football League have been built at an unprecedented rate, and most new facilities have utilized significant public funds. This paper looks at whether the methods used to finance these new facilities honored public finance principles regarding...
Persistent link: https://www.econbiz.de/10005545442