Sport event promoters aim to organize them to get the best return on their investment. The purpose of this study is to learn better how to manage the event to maximize the benefit to the host area. Most studies on economic impact of sporting events focus on mega events or look for an impact in...

This paper analyzes the net impacts of college football games on the sales tax revenues and taxable sales of four mid-sized cities in Texas. The paper addresses the question in the title, but also asks whether state policy makers might be justified in encouraging schools in their state to play...

Your tax dollars pay for sports stadiums. You read that right: your hard-earned money is given to billionaires to help fund their businesses and hobbies. In this chapter you'll learn about the wide variety of taxes used to finance stadium and arena construction, and about who benefits the most...

Previous research has examined the financial and volunteer problems of non-profit sport clubs in an isolated manner and has neglected the influence that sponsorship and subsidy funding, which we term as external funding, may have on both problems. The purpose of this study is to examine the...

This paper investigates the effects of the recent economic crisis on Major League Baseball (MLB) attendance during the 2008 and 2009 seasons, adopting the composite index of coincident indicators released by the Federal Reserve Bank of Philadelphia to capture the impact of economic...

This paper uses data on players drafted in 1987 through 1989 covering both their collegiate and their professional careers. This time period is chosen because we wanted recent players whose playing days have ended. Our analysis evaluates the role of college productivity on draft position and the...

We develop a consumer choice model of live attendance at a sporting event with reference-dependent preferences. The predictions of the model motivate the “uncertainty of outcome hypothesis” (UOH) as well as fan’s desire to see upsets and to simply see the home team win games, depending on...

An empirical examination of the determinants of real per capita income in cities with professional sports teams from 1969 to 1997 shows that postseason appearances are not associated with any change in the level of real per capita income in these cities. However, in the city that is home to the...

Surveys of patrons of the 2011 Baltimore Grand Prix provide evidence of the economic impact of the event that is vastly smaller than the projections by the events promoter, Baltimore Racing Development. Our best estimate of the gross spending impact of the event is about $25 million, while the...

We examine the relationship between attendance, uncertainty of outcome, and team quality in the National Hockey League. Based on results from a reduced form model of attendance at 6054 regular season NHL games from 2005/06 to 2009/10, we find evidence that attendance increases when fans expect...