This paper estimates the intangible benefits of a two sports facilities in Columbus, Ohio on residential property values. We estimate a spatial hedonic model that avoids biased and inconsistent estimates in the presence of uncorrected spatial autocorrelation. The results suggest that the...

The predictions that emerge from tournament theory have been tested in a number of sports-related settings. Since sporting events involving individuals (golf, tennis, running, auto racing) feature rank order tournaments with relatively large payoffs and easily observable outcomes, sports is a...

Many economists view the NCAA as a cartel in the market for college athletes. Financially, this cartel allows NCAA members to attract and retain college athletes for the price of a “grant-in-aid” without competitively bidding for the labor services of student-athletes, greatly reducing...

Gambling on sports is a big business, and in North America it has evolved during the past few decades from a shady, quasi-legal activity to a widely accepted recreational activity. As with any big business, gambling on sports has a number of important financial and economic implications. This...

Professional sports teams in North America are privately held corporations. Consequently, they are not required to make audited financial statements publicly available. We use a hedonic price model to analyze transaction prices for professional sports teams from 1969 to 2006. Results indicate...