Franchise Values in North American Professional Sports Leagues: Evidence from a Repeat Sales Method

Brad Humphreys and Yang Seung Lee ()
Additional contact information
Yang Seung Lee: Department of Economics, College of the Holy Cross

No 914, Working Papers from International Association of Sports Economists, North American Association of Sports Economists

Abstract: The paper develops a quality adjusted professional sports franchise price index for North America based on a repeat sale method. This index reflects trends in the general price of sports franchises holding local market, facility, and team characteristics constant. The price index exhibits considerable volatility but no upward trend over time, unlike previous quality adjusted price indexes based on hedonic models in the literature. The lack of an upward trend in this quality adjusted price index indicates that specific franchise characteristics drives observed increases in prices over the past forty years.

Keywords: repeat sales method; sports franchise; quality adjusted price index (search for similar items in EconPapers)
JEL-codes: G12 L83 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2009-11
New Economics Papers: this item is included in nep-spo and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
http://web.holycross.edu/RePEc/spe/HumphreysLee_FranchiseValues.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://web.holycross.edu/RePEc/spe/HumphreysLee_FranchiseValues.pdf [302 Found]--> https://web.holycross.edu/RePEc/spe/HumphreysLee_FranchiseValues.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spe:wpaper:0914

Access Statistics for this paper

More papers in Working Papers from International Association of Sports Economists Contact information at EDIRC., North American Association of Sports Economists Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson ().