An Examination of the Effects of the Recent Economic Crisis on Major League Baseball (MLB) Attendance Demand
We investigate the effects of the recent economic crisis on Major League Baseball (MLB) attendance during the 2008 and 2009 seasons. To elaborately capture the impact of economic circumstances, we adopt the composite index of coincident indicators released by Federal Reserve Bank of Philadelphia. Major advantages of the coincident indexes are the ability to specify monthly changes in state economic conditions as well as combining the information from several economic indicators. The estimates for the coincident indicators suggests the economic downturn drives a fall in attendance of about 6%, compared to the reported decline of 6.77%. The success of the composite index in explaining the impact of the recent economic crisis on attendance in MLB suggests the indicator is a viable proxy for income in game attendance demand studies.
|Date of creation:||Nov 2011|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.cdes.fr/index.php?id=fr69|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brad R. Humphreys & Yang Seung Lee, 2010.
"Week to Week Attendance and Competitive Balance in the National Football League,"
International Journal of Sport Finance,
Fitness Information Technology, vol. 5(4), pages 280-295, November.
- Dennis Coates & Brad R. Humphreys, 2010. "Week to Week Attendance and Competitive Balance in the National Football League," International Journal of Sport Finance, Fitness Information Technology, vol. 5(4), pages 239-252, November.
- Theodore M. Crone & Alan Clayton-Matthews, 2005. "Consistent Economic Indexes for the 50 States," The Review of Economics and Statistics, MIT Press, vol. 87(4), pages 593-603, November.
- John C. Leadley & Zenon X. Zygmont, 2006. "When Is the Honeymoon Over? National Hockey League Attendance, 19702003," Canadian Public Policy, University of Toronto Press, vol. 32(2), pages 213-232, June.
- Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1, 07.
- Katona, George, 1974. " Psychology and Consumer Economics," Journal of Consumer Research, Oxford University Press, vol. 1(1), pages 1-8, June.
- Dennis Coates & Brad R. Humphreys, 2007. "Ticket Prices, Concessions and Attendance at Professional Sporting Events," International Journal of Sport Finance, Fitness Information Technology, vol. 2(3), pages 161-170, August.
- David J. Berri & Martin B. Schmidt, 2006. "On the Road With the National Basketball Association's Superstar Externality," Journal of Sports Economics, The North American Association of Sports Economists, vol. 7(4), pages 347-358, November.
- Leif Brandes & Egon Franck & Stephan Nuesch, 2006.
"Local Heroes and Superstars - An Empirical Analysis of Star Attraction in German Soccer,"
0046, University of Zurich, Institute for Strategy and Business Economics (ISU), revised 2007.
- Leif Brandes & Egon Franck & Stephan Nuesch, 2006. "Local Heroes and Superstars - An Empirical Analysis of Star Attraction in German Soccer," Working Papers 0007, University of Zurich, Center for Research in Sports Administration (CRSA), revised 2007.
- Dennis Coates & Brad R. Humphreys, 2005. "Novelty Effects Of New Facilities On Attendance At Professional Sporting Events," Contemporary Economic Policy, Western Economic Association International, vol. 23(3), pages 436-455, 07.
- James H. Stock & Mark W. Watson, 1989.
"New Indexes of Coincident and Leading Economic Indicators,"
in: NBER Macroeconomics Annual 1989, Volume 4, pages 351-409
National Bureau of Economic Research, Inc.
- Stock, J.H. & Watson, M.W., 1989. "New Indexes Of Coincident And Leading Economic Indicators," Papers 178d, Harvard - J.F. Kennedy School of Government.
- Thomas C. Boyd & Timothy C. Krehbiel, 2006. "An Analysis of the Effects of Specific Promotion Types on Attendance at Major League Baseball Games," American Journal of Business, Emerald Group Publishing, vol. 21(2), pages 21-32.
- Jeffery Borland, 2003. "Demand for Sport," Oxford Review of Economic Policy, Oxford University Press, vol. 19(4), pages 478-502, Winter.
- Simon Rottenberg, 1956. "The Baseball Players' Labor Market," Journal of Political Economy, University of Chicago Press, vol. 64, pages 242.
- E. Woodrow Eckard, 2001. "Baseballâ€™s Blue Ribbon Economic Report," Journal of Sports Economics, The North American Association of Sports Economists, vol. 2(3), pages 213-227, August.
When requesting a correction, please mention this item's handle: RePEc:spe:wpaper:1123. See general 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: (Victor Matheson)
If references are entirely missing, you can add them using this form.