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NASCAR as a Public Good

Author

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  • Dennis Coates

    () (University of Maryland, Baltimore County)

  • David Gearhart

    (University of Maryland, Baltimore County)

Abstract

This 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.

Suggested Citation

  • Dennis Coates & David Gearhart, 2008. "NASCAR as a Public Good," International Journal of Sport Finance, Fitness Information Technology, vol. 3(1), pages 41-57, February.
  • Handle: RePEc:jsf:intjsf:v:3:y:2008:i:1:p:42-57
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    References listed on IDEAS

    as
    1. Carlino, Gerald & Coulson, N. Edward, 2004. "Compensating differentials and the social benefits of the NFL," Journal of Urban Economics, Elsevier, vol. 56(1), pages 25-50, July.
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    Cited by:

    1. Bentley Coffey & Patrick McLaughlin & Robert Tollison, 2012. "Regulators and Redskins," Public Choice, Springer, vol. 153(1), pages 191-204, October.
    2. 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.
    3. Dennis Coates, 2012. "Not-So-Mega Events," Chapters,in: International Handbook on the Economics of Mega Sporting Events, chapter 23 Edward Elgar Publishing.
    4. Dennis Coates & Victor Matheson, 2011. "Mega-events and housing costs: raising the rent while raising the roof?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 46(1), pages 119-137, February.

    More about this item

    Keywords

    economic impact; hedonic regression; NASCAR;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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