The Economic Impact of Sports Facilities, Franchises, and Events : Contributions in Honor of Robert Baade / / edited by Victor A. Matheson, Robert Baumann

• Autore: Matheson Victor A
• Pubblicazione: Cham : , : Springer International Publishing : , : Imprint : Springer, , 2023
• Edizione: 1st ed. 2023.
• Descrizione fisica: 1 online resource (233 pages)
• Disciplina: 338.47796
• Soggetto topico: Industries; Economic policy; Finance, Public; Sports - Economic aspects; Sector and Industry Studies; Economic Policy; Public Finance; Sports Economics
• Altri autori: BaumannRobert
• Nota di contenuto: Intro -- Preface -- Contents -- Introduction: A Few Words About Robert Baade -- Robert Baade: Stadium Economics Pioneer -- 1 Introduction -- 2 Stadium Mania -- 3 Stadium Economics -- 4 Mega-Events -- 5 Public Policy -- 6 Conclusion -- References -- The Unshakeable Belief in the Economic Impact of Sports -- 1 Introduction -- 2 Problem 1: Economic Impact Is an Exceptionally Complicated Estimation Problem Full of Assumptions and Fraught with Errors -- 2.1 Ex Ante Studies -- 2.2 Ex Post Studies -- 2.3 Ex Ante or Ex Post? It Doesn´t Actually Matter -- 3 Problem 2: Economic Impact Is the Sine Qua Non Metric That Will Magically and Irrefutably Explain the Value of Events, Teams... -- 3.1 Problem 2a. Sport-Related Economic Impact Reports Are Ubiquitous in the News -- 3.2 Problem 2b. Economic Impact Is Unchallenged and Presented as Fact -- 3.3 Problem 2c. The Media Frames Economic Impact As Consistently and Unequivocally Positive -- 4 Problem 3: Public Belief in the Economic Impact of Sports Is Unshakeable -- 4.1 The Context of Super Bowl 50 -- 4.2 Public Sentiment Toward Super Bowl 50 -- 4.3 In a Period of Negative Public Sentiment, the Belief in Positive Economic Impact Persisted -- 4.4 Conclusion -- 5 Why Is the Public Belief in Positive Economic Impact So Persistent? -- 5.1 Direct Spending Isn´t Economic Impact (But People Think It Is) -- 5.2 Conspicuous Spending Isn´t Economic Impact (But People Think It Is) -- 6 How Do We Move Forward? What Is the Solution? -- 6.1 Financial Analysis Better Represents the Government´s Ability to Pay -- 6.2 Redistributive Analysis Identifies Broader Harms or Benefits -- Benefits to Private Businesses -- Benefits to Individuals -- Costs to Individuals -- Public Cost -- Public Costs Lead to Additional Costs to Individuals -- 6.3 Summary -- 7 Conclusion -- References. ; The Local Economic Impact of Phantom College Football Games: Evidence from North Carolina -- 1 Introduction -- 2 Context and Literature Review -- 3 Data and Empirical Methodology -- 4 Empirical Results -- 5 Conclusions -- References -- Growth Effects of Sports Franchises, Stadiums, and Arenas: 15 Years Later -- 1 Introduction -- 2 Literature -- 3 Data -- 4 Empirical Model -- 5 Results -- 6 Conclusion -- References -- The Consumer Surplus and Economic Impact of a Participatory Micro-Event: The Beech Mountain Metric -- 1 Introduction -- 2 Data -- 3 Economic Impact -- 3.1 Methods -- 3.2 Results -- 4 Willingness to Travel -- 4.1 Empirical Model -- 4.2 Results -- 5 Conclusions -- References -- The Dollar Value of an NFL Rivalry -- 1 Introduction -- 2 Theory -- 2.1 Applying Random Utility Theory to Value an NFL Rivalry -- 2.2 Preferences -- 2.3 Uncertainty -- 2.4 The Fans´ Perspective -- Type 1 Fan -- Type 2 Fan -- 2.5 Predict Type 2 Fan Membership -- Estimating a Model Predicting Type 2 Fan Membership -- Likelihood of Type 2 Fan Membership -- 2.6 Valuing an NFL Rivalry -- Maximum-Likelihood Estimation -- 2.7 The Vikings-Packers Choke Price -- Histogram of WTP for Vikings-Packers Rivalry -- 2.8 The Value of the Vikings-Packers Rivalry to Minnesotans -- Appendix: A New Stadium for the Minnesota Vikings: What Is Your Opinion? -- References -- The Effect of National Political Conventions on Hotel Occupancy: Updated Evidence -- 1 Introduction -- 2 Empirical Framework -- 3 Results -- 4 Conclusion -- References -- The Dallas Cowboys´ Relocation and Intra-metropolitan Sales Tax Revenue Impacts Across Cities and Industries -- 1 Introduction -- 2 Sports Facilities, Redistribution, and Sales Tax Revenue -- 3 The Synthetic Control Method (SCM) -- 4 Empirical Results -- 5 Robustness Checks -- 6 Conclusion -- References. ; Impacts of Mega Sporting Events: Does the Moderate View Still Apply? -- 1 Introduction -- 2 Academic Boosters, Breaking Up the Consensus? -- 3 Methodical Issues and the Problems of Impact Estimates -- 4 Conclusion -- References -- The Effect of Sports Franchises on Property Values: The Role of Owners Versus Renters -- 1 Introduction -- 2 Background -- 3 Model -- 4 Conclusions -- References -- The Impact of Sports Teams on the Urban Economy: Evidence from the St. Louis Rams´ Departure -- 1 Introduction -- 1.1 Research Context -- 2 Empirical Analysis -- 2.1 Data Description -- 2.2 Empirical Method -- Spatial Treatment Assumptions -- Outcome Variable Pre-trends -- 2.3 Results -- 3 Conclusions -- References -- Major Stadium Construction in the Twin Cities: If We Build It, Will Construction Employment Increase? -- 1 Introduction -- 2 The Theory -- 3 Empirical Analysis -- 3.1 The Data -- 3.2 The Empirical Models -- 3.3 Regression Results: ARCH Models -- 3.4 Two-Stage Instrumental Variables ARCH Results: Second Stage -- 4 Conclusion and Discussion -- Appendix: First-Stage Regression Results and Discussion -- References -- The Effect of Having an On-Campus College Football Stadium on Attendance -- 1 Introduction -- 2 Literature Review -- 3 Model and Data -- 4 Results -- 5 Conclusion -- References -- New Stadiums in North America and Europe: A Comparison and Agenda for Future Research -- 1 Introduction -- 2 New Stadiums in North America -- 3 New Stadiums in Europe -- 4 Directions for Future Research -- References -- Financing Professional Sports Facilities: An Update -- 1 Introduction -- 2 The Data -- 3 Looking Ahead -- References.
• Sommario/riassunto: This edited volume discusses the economic impact of sports facilities, franchises, and events on local economies. Written in honor of Robert Baade upon his retirement, the book provides a state-of-the-art of current research on the economic impact of sports, and recognizes the seminal contributions that Dr. Baade has made to this topic. The analysis of the economic impact of spectator sports is a vital public policy topic as $75 billion has been spent on stadium construction since 1990 in the US alone, with nearly $35 billion of this coming from taxpayer subsidies. True public cost of sports franchises is much higher than this as this figure excludes facilities outside the Big 5 domestic leagues (like NASCAR track, NCAA facilities, minor league baseball, and the Canadian Football Leagues), public subsidies for major events like the Super Bowl or Olympic Games, and excludes sports subsidies outside of direct stadium construction subsidies. Including contributions from many of the most notable researchers studying the economic impact of sports, topics include impacts of stadiums and franchises on local economies, labor markets, and tax collections, the effect of sports franchises on property values, and changes in the public and academic discourse on sports subsidies over time. This volume will be of interest to researchers and students of sports economics, management, public policy, and public finance.
• Titolo autorizzato: The Economic Impact of Sports Facilities, Franchises, and Events
• ISBN: 9783031392481; 3031392485
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910768195603321
• Lo trovi qui: Univ. Federico II
• Serie: Sports Economics, Management and Policy, . 2191-2998 ; ; 23