Der Maradona Effekt: Wie viel Wohlfahrt schafft die deutsche Nationalmannschaft?

Steffen Rätzel and Joachim Weimann

Perspektiven der Wirtschaftspolitik, 2006, vol. 7, issue 2, 257-270

Abstract: Abstract: Thomas Moutos, Professor at the University of Athens once mentioned that Maradona had probably done more for the welfare of Argentina than any economic advice had ever achieved. In this paper we measured the social welfare which will be produced by the German National Soccer Team during the World Cup 2006. In particular, we analyse the utility of the TV coverage and the utility resulting from a success of the German team. Both effects can be seen as public goods. We use the Contingent Valuation Method to quantify the Maradona effect of the German Team. The results show significant welfare gains provided the German team will be successful.

Date: 2006
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