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An Examination of the Effects of the Recent Economic Crisis on Major League Baseball (MLB) Attendance Demand

  • Sung Il Hong

    ()

    (Florida State University)

  • Michael Mondello

    ()

    (Florida State University)

  • Dennis Coates

    ()

    (Department of Economics, University of Maryland, Baltimore County)

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.

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File URL: http://college.holycross.edu/RePEc/spe/HongMondelloCoates_MLBAttendance.pdf
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Paper provided by International Association of Sports Economists & North American Association of Sports Economists in its series Working Papers with number 1123.

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Length: 26 pages
Date of creation: Nov 2011
Date of revision:
Handle: RePEc:spe:wpaper:1123
Contact details of provider: Web page: http://www.cdes.fr/index.php?id=fr69

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  1. E. Woodrow Eckard, 2001. "Baseball’s Blue Ribbon Economic Report," Journal of Sports Economics, , vol. 2(3), pages 213-227, August.
  2. 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.
  3. 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.
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  6. 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.
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  8. Katona, George, 1974. " Psychology and Consumer Economics," Journal of Consumer Research, University of Chicago Press, vol. 1(1), pages 1-8, June.
  9. 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.
  10. 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.
  11. David J. Berri & Martin B. Schmidt, 2006. "On the Road With the National Basketball Association's Superstar Externality," Journal of Sports Economics, , vol. 7(4), pages 347-358, November.
  12. James H. Stock & Mark W. Watson, 1989. "New Indexes of Coincident and Leading Economic Indicators," NBER Chapters, in: NBER Macroeconomics Annual 1989, Volume 4, pages 351-409 National Bureau of Economic Research, Inc.
  13. 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.
  14. 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.
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