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Full-Text Articles in Sports Management
A Compensating Differential Approach To Valuing The Social Benefit Of Minor League Baseball, Nola Agha, Dennis Coates
A Compensating Differential Approach To Valuing The Social Benefit Of Minor League Baseball, Nola Agha, Dennis Coates
Sport Management
This research utilizes a compensating differential framework to measure the social benefits of minor league baseball teams. Consistent with findings at the major league level, individual housing observations from 138 metropolitan areas between 1993 and 2005 show that affiliated teams are associated with a significant 5.7% increase in rents in mid-sized markets ranging from 0.4 to 1.4 million people. On the other hand, independent teams and stadiums are associated with insignificant effects on rents. The positive effect of affiliated minor league teams suggests they are a valuable urban amenity that can contribute to local quality of life.
A Theoretical Comparison Of The Economic Impact Of Large And Small Events, Nola Agha, M Taks
A Theoretical Comparison Of The Economic Impact Of Large And Small Events, Nola Agha, M Taks
Sport Management
In response to the increasing debate on the relative worth of small events compared to large events, we create a theoretical model to determine whether smaller events are more likely to create positive economic impact. First, event size and city size are redefined as continuums of resources. The concepts of event resource demand (ERD) and city resource supply (CRS) are introduced, allowing for a joint analysis of supply and demand. When local economic conditions are brought into the analysis, the framework determines how a city resource deficiency or surplus affects the economic impact of an event. This resource-based approach assists …