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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Pilots And Public Policy: Steering Through The Economic Ramifications, Brad R. Humphreys, Victor Matheson
Pilots And Public Policy: Steering Through The Economic Ramifications, Brad R. Humphreys, Victor Matheson
Economics Department Working Papers
A recent IRS ruling has allowed the new Yankees Stadium construction project to be financed by a tax exempt bond offering backed by payments in lieu of taxes (PILOTS). This decision appears to contradict the spirit of the Tax Reform Act of 1986. From an economic standpoint, the question is whether it is desirable to significantly expand the number of projects eligible for tax subsidies in exchange for a more direct connection between those receiving benefits from the projects and those paying the taxes, or should the state and municipal bond tax exemption narrowly extend only to true public works …
Slippery Slope? Assessing The Economic Impact Of The 2002 Winter Olympic Games In Salt Lake City, Utah, Robert Baade, Robert Baumann, Victor Matheson
Slippery Slope? Assessing The Economic Impact Of The 2002 Winter Olympic Games In Salt Lake City, Utah, Robert Baade, Robert Baumann, Victor Matheson
Economics Department Working Papers
This paper provides an empirical examination of the 2002 Winter Olympic Games in Salt Lake City, Utah. Our analysis of taxable sales in the counties in which Olympic events took place finds that some sectors such as hotels and restaurants prospered while other retailers such as general merchandisers and department stores suffered. Overall the gains in the hospitality industry are lower than the losses experienced by other sectors in the economy. Given the experience of Utah, potential Olympic hosts should exercise caution before proceeding down the slippery slope of bidding for this event.
Bowling In Hawaii: Examining The Effectiveness Of Sports-Based Tourism Strategies, Robert Baumann, Victor Matheson, Chihiro Muroi
Bowling In Hawaii: Examining The Effectiveness Of Sports-Based Tourism Strategies, Robert Baumann, Victor Matheson, Chihiro Muroi
Economics Department Working Papers
We use daily airplane arrival data from Hawaii’s Department of Business, Economic Development, and Tourism to determine the net change in tourism for a variety of sporting events. We find two events generate a positive and significant net impact on arrivals: Honolulu Marathon and Pro Bowl. We estimate that the Honolulu Marathon produces between 2,183 and 6,519 in net arrivals while the Pro Bowl attracts about 5,595 to 6,725 in net arrivals. At the upper end of our estimates, the Honolulu Marathon and the Pro Bowl attract a nearly identical number of visitors despite the fact that the HTA spends …