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Full-Text Articles in Social and Behavioral Sciences
Is Smaller Better? A Comment On "Comparative Economic Impact Analyses" By Michael Mondello And , Victor Matheson
Is Smaller Better? A Comment On "Comparative Economic Impact Analyses" By Michael Mondello And , Victor Matheson
Economics Department Working Papers
In a recent article in Economic Development Quarterly, "Comparative Economic Impact Analyses: Differences Across Cities, Events, and Demographics" (November 2004), Michael Mondello and Patrick Rishe examined the economic impact of small, amateur sporting events on host economies. This response to their work suggests four reasons why ex ante economic impact estimates for smaller sporting events may come closer to matching ex post reality than those for "mega-events" including less crowding out, lower hosting costs, higher multipliers, and less incentive for boosters to published inflated figures.
The Effects Of Labor Strikes On Consumer Demand: A Re-Examination Of Major League Baseball, Victor Matheson
The Effects Of Labor Strikes On Consumer Demand: A Re-Examination Of Major League Baseball, Victor Matheson
Economics Department Working Papers
Previous research has concluded that the 1981 and 1994/95 Major League Baseball (MLB) strikes have caused short-term losses in attendance but have not resulted in any long-term effects on attendance. While total attendance at MLB games following the 1994/95 strike has recovered to its pre-strike levels, this has been done only through the construction of new stadiums at an unprecedented pace which cannot continue into the future. After accounting for stadium effects, average MLB baseball attendance has dropped significantly since the 1994/95 strike.
Mega-Sporting Events In Developing Nations: Playing The Way To Prosperity?, Victor Matheson, Robert Baade
Mega-Sporting Events In Developing Nations: Playing The Way To Prosperity?, Victor Matheson, Robert Baade
Economics Department Working Papers
Supporters of mega-sporting events such as the World Cup and Olympics claim that these events attract hoards of wealthy visitors and lead to lasting economic benefits for the host regions. Developing countries have become increasingly vocal in demanding a share of the economic benefits of these international games. The specialized infrastructure and operating expenses required to host these events, however, can be substantial. Independent researchers have found that boosters’ projections of the economic impact of sporting events exaggerate the true economic impact of these competitions, and these events are an even worse investment for developing countries than for industrialized nations.
Padding Required: Assessing The Economic Impact Of The Super Bowl, Victor Matheson, Robert Baade
Padding Required: Assessing The Economic Impact Of The Super Bowl, Victor Matheson, Robert Baade
Economics Department Working Papers
Civic boosters generally have estimated the Super Bowl to have an impact of $300 to $400 million on a host city’s economy. The National Football League has used the promise of an economic windfall to convince skeptical cities that investments in new stadiums for their teams in exchange for the right to host the event makes economic sense. Evidence from host cities from 1970-2001 indicates the Super Bowl contributes approximately one-quarter of what the boosters have promised and that the game could not have contributed by any reasonable standard of statistical significance, more than $300 million to host economies.
Economic Multipliers And Mega-Event Analysis , Victor Matheson
Economic Multipliers And Mega-Event Analysis , Victor Matheson
Economics Department Working Papers
Critics of economic impact studies that purport to show that mega-events such as the Olympics bring large benefits to the communities “lucky” enough to host them frequently cite the use of inappropriate multipliers as a primary reason why these impact studies overstate the true economic gains to the hosts of these events. This brief paper shows in a numerical example how mega-events may lead to inflated multipliers and exaggerated claims of economic benefits.