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Social Interactions And The Demand For Sport: An Economic Analysis

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Listed:
  • PAUL DOWNWARD
  • JOSEPH RIORDAN

Abstract

"This paper explores the decision to participate in sports activities in the United Kingdom and the subsequent frequency of participation. The paper draws links between economic and other theories of social interaction to motivate the discussion and links these theories to assessing policy initiatives in the United Kingdom. Cluster analysis is combined with a Heckman analysis to examine the empirical evidence provided by the General Household Survey in 2002. The results suggest that social and personal capital are of paramount importance in determining sports participation, and consequently, it is these features that policy should focus upon. However, the legitimacy of policy activism requires philosophical justification. "("JEL "B41, C2, D11, D12) Copyright 2007 Western Economic Association International.

Suggested Citation

  • Paul Downward & Joseph Riordan, 2007. "Social Interactions And The Demand For Sport: An Economic Analysis," Contemporary Economic Policy, Western Economic Association International, vol. 25(4), pages 518-537, October.
  • Handle: RePEc:bla:coecpo:v:25:y:2007:i:4:p:518-537
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    References listed on IDEAS

    as
    1. Becker, Gary S, 1974. "A Theory of Social Interactions," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-1093, Nov.-Dec..
    2. Marc Lavoie, 1994. "A Post Keynesian Approach to Consumer Choice," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 16(4), pages 539-562, July.
    3. Lisa Farrell & Michael A. Shields, 2002. "Investigating the economic and demographic determinants of sporting participation in England," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 165(2), pages 335-348.
    4. Becker, Gary S., 1992. "The Economic Way of Looking at Life," Nobel Prize in Economics documents 1992-1, Nobel Prize Committee.
    5. Joseph J. Seneca & Paul Davidson & F. Gerard Adams, 1968. "An Analysis of Recreational Use of the TVA Lakes," Land Economics, University of Wisconsin Press, vol. 44(4), pages 529-534.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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