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The Economic Impact of Sports Facilities, Franchises, and Events

Contributions in Honor of Robert Baade

  • Book
  • © 2023

Overview

Editors:
  1. Victor A. Matheson

    1. Department of Economics and Accounting, College of Holy Cross, Worcester, USA

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  2. Robert Baumann

    1. Department of Economics and Accounting, College of the Holy Cross, Worcester, USA

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  • Provides current research on the important public policy topic of sports subsidies
  • Presents empirical evidence for the true cost of sports facilities and events on the municipalities which host them
  • Address global cases across the spectrum of sports events from amateur to professional and mega

Part of the book series: Sports Economics, Management and Policy (SEMP, volume 23)

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About this book

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.



Keywords

Table of contents (16 chapters)

  1. Front Matter

    Pages i-x
    Download chapter PDF

  2. Introduction: A Few Words About Robert Baade

    • Kent Grote
    Pages 1-3

  3. Robert Baade: Stadium Economics Pioneer

    • John Charles Bradbury
    Pages 5-22

  4. The Unshakeable Belief in the Economic Impact of Sports

    • Nola Agha
    Pages 23-45

  5. The Local Economic Impact of Phantom College Football Games: Evidence from North Carolina

    • Craig A. Depken II
    Pages 47-57

  6. Growth Effects of Sports Franchises, Stadiums, and Arenas: 15 Years Later

    • Dennis Coates
    Pages 59-87

  7. The Consumer Surplus and Economic Impact of a Participatory Micro-Event: The Beech Mountain Metric

    • Peter Groothuis, Kurt Rotthoff, John Whitehead
    Pages 89-99

  8. The Dollar Value of an NFL Rivalry

    • Aju Fenn, John Crooker
    Pages 101-122

  9. The Effect of National Political Conventions on Hotel Occupancy: Updated Evidence

    • Abhimanyu Aurobindo, Lauren R. Heller, E. Frank Stephenson
    Pages 123-130

  10. The Dallas Cowboys’ Relocation and Intra-metropolitan Sales Tax Revenue Impacts Across Cities and Industries

    • Geoffrey Propheter, Shihao Dai
    Pages 131-143

  11. Impacts of Mega Sporting Events: Does the Moderate View Still Apply?

    • Arne Feddersen, Wolfgang Maennig
    Pages 145-156

  12. The Effect of Sports Franchises on Property Values: The Role of Owners Versus Renters

    • Katherine A. Kiel, Victor A. Matheson, Christopher Sullivan
    Pages 157-170

  13. The Impact of Sports Teams on the Urban Economy: Evidence from the St. Louis Rams’ Departure

    • Brad R. Humphreys
    Pages 171-181

  14. Major Stadium Construction in the Twin Cities: If We Build It, Will Construction Employment Increase?

    • Phillip A. Miller
    Pages 183-201

  15. The Effect of Having an On-Campus College Football Stadium on Attendance

    • Kelly Malone, Michael A. Leeds
    Pages 203-212

  16. New Stadiums in North America and Europe: A Comparison and Agenda for Future Research

    • Stefan Szymanski
    Pages 213-221

  17. Financing Professional Sports Facilities: An Update

    • Victor A. Matheson
    Pages 223-232
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Editors and Affiliations

  • Department of Economics and Accounting, College of Holy Cross, Worcester, USA

    Victor A. Matheson

  • Department of Economics and Accounting, College of the Holy Cross, Worcester, USA

    Robert Baumann

About the editors

Victor A. Matheson is a professor of economics at the College of the Holy Cross in Worcester, MA (US) specializing in the economic impact of sports. He has been active in the field for nearly 25 years having published over 100 refereed journal articles or book chapters. He has co-authored The Economics of Sports, 7th edition (Routledge) and The Economics of the Super Bowl (Palgrave Macmillan) as well as co-edited Teaching Sports Economics and Using Sports to Teach Economics (Edward Elgar.) He is the past president of the North American Association of Sports Economics and is on the editorial boards of the Eastern Economic Journal, the International Journal of Sport Finance, and the Journal of Sports Economics.



Robert W. Baumann is professor in the Department of Economics and Accounting at the College of the Holy Cross in Worcester, MA (US). He specializes in econometrics and labor economics and has published widely on the economic impacts of sporting events and sports tourism. He is also an active forensic economist and served as the vice president of the National Association of Forensic Economics.

Bibliographic Information

  • Book Title: The Economic Impact of Sports Facilities, Franchises, and Events

  • Book Subtitle: Contributions in Honor of Robert Baade

  • Editors: Victor A. Matheson, Robert Baumann

  • Series Title: Sports Economics, Management and Policy

  • DOI: https://doi.org/10.1007/978-3-031-39248-1

  • Publisher: Springer Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023

  • Hardcover ISBN: 978-3-031-39247-4Published: 11 October 2023

  • Softcover ISBN: 978-3-031-39250-4Due: 11 November 2023

  • eBook ISBN: 978-3-031-39248-1Published: 10 October 2023

  • Series ISSN: 2191-298X

  • Series E-ISSN: 2191-2998

  • Edition Number: 1

  • Number of Pages: X, 232

  • Number of Illustrations: 15 b/w illustrations, 3 illustrations in colour

  • Topics: Economics, general, Economic Policy, Public Finance, Sport Science , Sports Economics

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