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

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  • Dennis Coates

    () (UMBC)

  • Sungil Hong

    (Florida State University)

  • Michael Mondello

    (Florida State University)

Abstract

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.

Suggested Citation

  • Dennis Coates & Sungil Hong & Michael Mondello, 2011. "An Examination of the Effects of the Recent Economic Crisis on Major League Baseball (MLB) Attendance Demand," UMBC Economics Department Working Papers 11-136, UMBC Department of Economics.
  • Handle: RePEc:umb:econwp:11135
    as

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    File URL: http://www.umbc.edu/economics/wpapers/wp_11_136.pdf
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    References listed on IDEAS

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    1. Scully, Gerald W, 1974. "Pay and Performance in Major League Baseball," American Economic Review, American Economic Association, vol. 64(6), pages 915-930, December.
    2. Kevin Denny & Vincent O’ Sullivan, 2007. "The Economic Consequences of Being Left-Handed: Some Sinister Results," Journal of Human Resources, University of Wisconsin Press, vol. 42(2).
    3. Marc Lavoie, 2000. "The Location of Pay Discrimination in the National Hockey League," Journal of Sports Economics, , vol. 1(4), pages 401-411, November.
    4. J. C. H. Jones & William D. Walsh, 1988. "Salary Determination in the National Hockey League: The Effects of Skills, Franchise Characteristics, and Discrimination," ILR Review, Cornell University, ILR School, vol. 41(4), pages 592-604, July.
    5. Neil Longley, 1995. "Salary Discrimination in the National Hockey League: The Effects of Team Location," Canadian Public Policy, University of Toronto Press, vol. 21(4), pages 413-422, December.
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