Major League Baseball Attendance: Long-term Analysis Using Factor Models
AbstractAlthough Major League Baseball (MLB) has a long history, most studies of attendance have focused on recent years because important explanatory data, such as ticket prices, are often missing for earlier periods. The present study aims to fill gaps in the data by analyzing individual team attendance records between 1904 and 2012. If important missing variables are determined using common factors that can influence between-teams attendance, the attendance function can be estimated by a panel factor model. Using this approach, our results indicate that the determinants of fans¡¯ attendance decisions have changed over time. In earlier years, winning performance was an important determinant of attendance. However, in recent years, other factors have also influenced attendance. Not only the home team¡¯s winning performance, but also the outcome uncertainty, size and quality of the stadium, and playing styles influence fan attendance in present-day MLB.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Research Institute for Market Economy, Sogang University in its series Working Papers with number 1402.
Length: 33 pages
Date of creation: 2014
Date of revision:
Attendance; outcome uncertainty; common factors; factor loading; panel data; fan loyalty;
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-03-15 (All new papers)
- NEP-HIS-2014-03-15 (Business, Economic & Financial History)
- NEP-SPO-2014-03-15 (Sports & Economics)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (In Choi).
If references are entirely missing, you can add them using this form.