NASCAR as a Public Good
AbstractThis paper looks for evidence that either a NASCAR track or NASCAR-sanctioned event influences the monthly rents on residential units. The evidence is mixed, varying with the treatment of housing units located in or out of central cities of standard metropolitan statistical areas (SMSAs), as well as the manner in which missing housing and community characteristics are treated in the analysis. The results are reasonably clear that the presence of a track by itself has little effect, especially on housing units outside the central city of an SMSA. Specific types of races largely appear to have no impact, though in some specifications, the central city and non-central city impacts are about equal but have opposite signs. Overall, we must conclude that our results reject NASCAR as a source of either large benefits or costs to residents of the host community.
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Bibliographic InfoArticle provided by Fitness Information Technology in its journal International Journal of Sport Finance.
Volume (Year): 3 (2008)
Issue (Month): 1 (February)
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Other versions of this item:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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0903, College of the Holy Cross, Department of Economics.
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- 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 & North American Association of Sports Economists.
- Bentley Coffey & Patrick McLaughlin & Robert Tollison, 2012. "Regulators and Redskins," Public Choice, Springer, vol. 153(1), pages 191-204, October.
- Dennis Coates, 2009. "Hotel Tax Collections and a Local Mega-Event," Working Papers 0901, International Association of Sports Economists & North American Association of Sports Economists.
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