236 records from EconBiz based on author Name

1. The Economics of Stadium Subsidies : A Policy Retrospective

abstract

This article is intended to inform public policy regarding stadium subsidies, which state and local governments routinely provide to support professional sports teams. We review theoretical and empirical evidence regarding economic justifications for public funding, focusing on recent research and contemporary development strategies, which continue to demonstrate that stadiums are poor public investments. Our analysis includes a history of US major-league professional sports stadiums, documenting trends in building and funding, which portend a forthcoming wave of new costly stadium construction. Despite robust contrary evidence that stadiums are not economic development catalysts, public outlays persist and exhibit a positive growth trajectory. We examine reasons for the disconnect between research and policy, which includes political and institutional factors not previously given due consideration by economists. We suggest ways that researchers may influence media coverage and policymaking regarding stadium subsidies to promote sound policy

Bradbury, John Charles; Coates, Dennis; Humphreys, Brad R.;
2023
Availability: Link Link

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2. A Compensating Differential Approach to Valuing the Social Benefit of Minor League Baseball

abstract

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 6 to 8% 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

Agha, Nola; Coates, Dennis;
2023
Availability: Link Link

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3. The impact of professional sports franchises and venues on local economies : a comprehensive survey

Bradbury, John C.; Coates, Dennis; Humphreys, Brad R.;
2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
Citations: 9 (based on OpenCitations) Cited By

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4. Decision-making in professional football : an empirical analysis of club members' voting behaviour

Coates, Dennis; Fahrner, Marcel; Pawlowski, Tim;
2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link Link
Citations: 2 (based on OpenCitations) Cited By

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5. Pay and performance in men's and women's football : comparing the MKS and NWSL

Coates, Dennis; Webber, Meredith;
2023
Type: Aufsatz in Zeitschrift; Article in journal; Konferenzbeitrag; Conference paper;
Availability: Link

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6. The Impact of Professional Sports Franchises and Venues on Local Economies : A Comprehensive Survey

abstract

Local governments routinely subsidize sports stadiums and arenas using the justification that hosting professional franchises produces economic development and social benefits in the community. The prevalence of venue subsidies generated an extensive and vibrant research literature, which spans over 30 years and includes more than 130 studies. We chronicle this body of research from early studies of tangible economic impacts in metropolitan areas, using basic empirical methods, through recent analyses that focus on sub-local and non-pecuniary effects and employ more sophisticated empirical methods. Though findings have become more nuanced, recent analyses continue to confirm the decades-old consensus of very limited economic impacts of professional sports teams and stadiums. Even with added non-pecuniary social benefits from quality-of-life externalities and civic pride, welfare improvements from hosting teams tend to fall well short of covering public outlays. Thus, the large subsidies commonly devoted to constructing professional sports venues are not justified as worthwhile public investments. We also investigate the paradox of local governments continuing to subsidize sports facilities despite overwhelming evidence of their economic impotence. Our analysis informs academic researchers and policymakers to motivate future studies and promote sound policy decisions guided by relevant research findings

Bradbury, John C.; Coates, Dennis; Humphreys, Brad R.;
2022
Availability: Link Link
Citations: 3 (based on OpenCitations) Cited By

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7. Professional team sporting success : do economic and personal freedom provide competitive advantages?

Bykova, Anna; Coates, Dennis;
2022
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link

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8. Team vs. individual tournament : an organizer's dilemma

Shenkman, Evgenia; Coates, Dennis; Chadov, Aleksei; Parshakov, Petr;
2022
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link
Citations: 3 (based on OpenCitations) Cited By

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9. The wisdom of crowds and transfer market values

Coates, Dennis; Parshakov, Petr;
2022
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link
Citations: 11 (based on OpenCitations) Cited By

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10. Position premium in Major League Soccer

Butler, David; Coates, Dennis;
2022
Type: Aufsatz in Zeitschrift; Article in journal; Konferenzbeitrag; Conference paper;
Availability: Link

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