This paper investigates the regional economic impact of the 1996 Olympic Games in Georgia. It questions the findings of Hotchkiss, Moore, and Zobay (2003), who identify significant positive effects of the Olympics on employment in Georgia/USA by first challenging their approach that used a level...

Using the case of the new stadiums for the FIFA World Cup 2006 in Germany, this paper is the first multivariate work that examines the potential income and employment effects of new stadiums outside of the USA. This study is also the first work on this topic that conducts tests on the basis of a...

One of the central particularities in sports leagues is the fact that the clubs compete with each other on the input markets but are obliged to cooperate on the output market (i.e., the league’s games). In order to maximize jointly produced league output, one often hears calls for policy...

When decisions are made to construct new stadia or to undertake major renovation work, the decision makers often assume that more spectators will be attracted. This so-called “novelty effect” is used as an argument that an impulse towards increased demand for the region and its services will...

The revenues of professional football clubs in Europe have increased enormously over the last decades. The big five European leagues (England, France, Germany, Italy, and Spain) in 2007-08 generated revenues of almost €10 billion, of which €3 billion have to be attributed to the English...

The recent transfers of Christiano Ronaldo from Manchester United, and of Ricardo Izecson dos Santos Leite (Kaká) from Associazione Calcio Milan to Real Madrid—as well as the increasing financial problems of many of the top teams in the big five European leagues—have again increased the...

The International Journal of Sport Finance begins a new era with the publication of this issue (Volume 4, Issue 1). Dennis Howard, the founding editor of IJSF, and Fitness Information Technology, the publishers of the journal, envisioned a change in the IJSF editorial leadership in three-year...

In a world of asymmetric information and non-trivial monitoring costs, the design and implementation of a compensation and reward system that maximizes the individual athlete’s performance is one of the critical variables affecting the reputation of a specific sports event. Assuming that the...

Ever since the pioneering work of Rottenberg (1956) and Neale (1964), the uncertainty of outcome hypothesis (UOH) has played a major role in the economic analysis of professional sport leagues. However, decades of empirical research have not been successful in establishing clear evidence for the...