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Public Funding of Professional Sports Stadiums: Public Choice or Civic Pride?

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Author Info
Peter A. Groothuis () (Department of Economics, Appalachian State University)
Bruce K. Johnson (Centre College)
John C. Whitehead (Appalachian State University)

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Abstract

Many state and local governments have subsidized the construction of arenas and stadiums for the use of professional sports teams. They often justify the subsidies with claims that the stadiums generate positive externalities, including public goods. Some research using Contingent Valuation Method surveys has shown that such public goods may be valuable, but no published research has yet found a case in which the value of the public goods alone could justify public construction of a new stadium or arena. This suggests that the public choice argument for public subsidy of sports may play a role. This paper uses a bivariate probit model to extend the analysis of data from a previous study to show that, while public goods may contribute to a community's willingness to subsidize sports, public choice factors also play a role. The analysis clarifies the genesis of civic pride and its relationship to sports and other cultural amenities in a city.

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File URL: http://college.holycross.edu/eej/Volume30/V30N4P515_526.pdf
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Publisher Info
Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 30 (2004)
Issue (Month): 4 (Fall)
Pages: 515-526
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eej:eeconj:v:30:y:2004:i:4:p:515-526

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Related research
Keywords: Arena; Sports; Stadiums;

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Find related papers by JEL classification:
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Carson, Richard T. & Hanemann, W. Michael, 2006. "Contingent Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 17, pages 821-936 Elsevier. [Downloadable!] (restricted)
  2. Whitehead, John C. & Groothuis, Peter A. & Blomquist, Glenn C., 1993. "Testing for non-response and sample selection bias in contingent valuation : Analysis of a combination phone/mail survey," Economics Letters, Elsevier, vol. 41(2), pages 215-220. [Downloadable!] (restricted)
  3. BK. Johnson & JC. Whitehead, 2000. "Value of public goods from sports stadiums: the CVM approach," Contemporary Economic Policy, Western Economic Association International, vol. 18(1), pages 48-58, 01. [Downloadable!] (restricted)
  4. Bruce K. Johnson & Peter A. Groothuis & John C. Whitehead, 2000. "“The Value of Public Goods Generated by a Major League Sports Team: The CVM Approach,”," Working Papers 0014, East Carolina University, Department of Economics. [Downloadable!]
  5. John Siegfried & Andrew Zimbalist, 2000. "The Economics of Sports Facilities and Their Communities," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 95-114, Summer. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Robert Baumann & Victor Matheson & Chihiro Muroi, 2008. "Bowling in Hawaii: Examining the Effectiveness of Sports-Based Tourism Strategies," Working Papers 0807, International Association of Sports Economists. [Downloadable!]
    Other versions:
  2. Dennis Coates & Victor Matheson, 2009. "Mega-Events and Housing Costs: Raising the Rent while Raising the Roof?," Working Papers 0902, International Association of Sports Economists. [Downloadable!]
    Other versions:
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This page was last updated on 2009-11-18.

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