Contingent Valuation of Sports Stadiums and Arenas: Temporal Embedding and Order Effect

Bruce Johnson, Mike Mondello and John C. Whitehead ()

No 04-15, Working Papers from Department of Economics, Appalachian State University

Abstract: Using the Contingent Valuation Method, this paper estimates the value of public goods the National Football League’s Jaguars produce for Jacksonville, Florida, including the value of elevating Jacksonville to “major league” status and the value of improving racial relations. It also estimates the incremental value of public goods potentially produced by a National Basketball Association team in Jacksonville. The present value of public goods created by the Jaguars is $36.5 million or less, far below subsidies provided to attract the Jaguars. For a basketball team, the figure is less than $22.8 million. The results add to the growing body of CVM literature indicating that sports public goods probably cannot justify the large public expenditures on stadiums and arenas.

New Economics Papers: this item is included in nep-cul and nep-spo
Date: Written 2004
View list of references

Downloads: (external link)
http://econ.appstate.edu/RePEc/pdf/wp0415.pdf (application/pdf)

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

Access Statistics for this paper

More papers in Working Papers from Department of Economics, Appalachian State University
Contact information at EDIRC.
Series data maintained by John Whitehead ().