IS THE WIGWAM WORTH IT? A CONTINGENT VALUATION METHOD ESTIMATE FOR A SMALL-CITY SPORTS ARENA

John F. R. Harter

Contemporary Economic Policy, 2015, vol. 33, issue 2, 279-284

Abstract: type="main" xml:id="coep12078-abs-0001"> The public good benefits arising from an historic high school gymnasium are estimated using the contingent valuation method. While other works focus on larger cities and usually emphasize new buildings for professional teams, this study looks at an historic building for amateur sports. It is found that the benefits are small in spite of the importance of the building and high school sports in general to the history of the city. Because this gymnasium is particularly large and recognized, this would seem to give an upper bound to the value of sports arenas in cities of this size. ( JEL H41, L83)

Date: 2015
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