Contingent Valuation of Sports Stadiums and Arenas: Temporal Embedding and Order Effect
AbstractUsing the Contingent Valuation Method, this paper estimates the value of public goods the National Football League’s Jaguars produce for Jacksonville, Florida, including the value of elevating Jacksonville to “major league” status and the value of improving racial relations. It also estimates the incremental value of public goods potentially produced by a National Basketball Association team in Jacksonville. The present value of public goods created by the Jaguars is $36.5 million or less, far below subsidies provided to attract the Jaguars. For a basketball team, the figure is less than $22.8 million. The results add to the growing body of CVM literature indicating that sports public goods probably cannot justify the large public expenditures on stadiums and arenas.
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Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 04-15.
Date of creation: 2004
Date of revision: 2005
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Postal: Thelma C. Raley Hall, Boone, North Carolina 28608
Web page: http://www.business.appstate.edu/departments/economics/
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-07-03 (All new papers)
- NEP-CUL-2005-07-03 (Cultural Economics)
- NEP-SPO-2005-07-03 (Sports & Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Guess what is in the Christchurch blueprint?
by Sam Richardson in Fair Play and Forward Passes on 2012-07-31 09:39:00
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