IDEAS home Printed from https://ideas.repec.org/a/mve/journl/v40y2014i1p81-93.html
   My bibliography  Save this article

Name That Price: Determining Which Price Variable to Use in Estimating Demand for Major League Baseball Games, 1952-1956

Author

Listed:
  • Kenneth H. Brown

    (Missouri State University)

  • David Surdam

    (University of Northern Iowa)

Abstract

Estimating demand for events that have multiple ticket prices, such as sporting, musical, and theater performances requires choosing the relevant price variable. Previous attempts may have suffered from errors in variables and from using ordinary least squares instead of panel data techniques. We estimate the price elasticity of demand for 1950s Major League Baseball games by using both a weighted-average ticket price series and an average-gate-revenue per ticket series in separate equations; the first time a direct comparison of the two series has been done successfully for baseball. The weighted-average ticket price series suffers from its implicit assumption that the proportion of seats sold in the various classifications remains unchanged, regardless of attendance at a particular game. The average-gate-revenue per ticket series proved statistically significant while the former did not.

Suggested Citation

  • Kenneth H. Brown & David Surdam, 2014. "Name That Price: Determining Which Price Variable to Use in Estimating Demand for Major League Baseball Games, 1952-1956," Journal of Economic Insight, Missouri Valley Economic Association, vol. 40(1), pages 81-93.
    • Handle: RePEc:mve:journl:v:40:y:2014:i:1:p:81-93
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • N82 - Economic History - - Micro-Business History - - - U.S.; Canada: 1913-

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mve:journl:v:40:y:2014:i:1:p:81-93. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ken Brown (email available below). General contact details of provider: https://edirc.repec.org/data/mveaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.