The Estimation of Consumer Surplus Benefits from a City Owned Multipurpose Coliseum Complex

Stephen K. Layson ()
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Stephen K. Layson: Department of Economics, 457 Bryan Building, UNCG, Greensboro, NC 27412-5001 USA

Journal of Real Estate Research, 2005, vol. 27, issue 2, pages 221-236

Abstract: Coliseums can create consumer surplus benefits by providing types of entertainment to local residents that would otherwise not be available to them. This paper estimates consumer surplus for a major City owned entertainment/convention facility, the Greensboro Coliseum Complex (GCC). A novel aspect of this paper is that it estimates the distribution of consumer surplus across households of different income levels as well as aggregate consumer surplus. It is estimated that aggregate consumer surplus from the GCC in 1999 exceeded the public subsidy for this complex, but a disproportionate amount of the consumer surplus benefits go to higher income households.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2005
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