Identification. sympathy and willingness to pay

José Sánchez-Santos () and José Atilano Pena López
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José Atilano Pena López: Department of Applied Economy, Faculty of Economics and Business Studies, University of A Coruña, A Coruña, Spain

Cuadernos de Economía - Spanish Journal of Economics and Finance, 2012, vol. 35, issue 97, 33-42

Abstract: The present study analyzes the effects of sympathy and identification between sports fans and clubs in the recognition of willingness to pay in favor of these organizations. With this objective, after reconsidering the diverse approaches to this type of bonds, we propose in the first part a theoretical model that considers the psychosociological factors which affect the willingness to pay for this kind of goods and services that have characteristics similar to public goods. This model allows us to extract two hypotheses on the interrelation between sympathy, income and willingness to pay. In the second part, we put these hypotheses to the test. The results establish, as predicted, that identification or sympathy with a club constitutes an important causal factor in its valuation, although income has no causal relation with this. Both can explain some irregularities found within the contingent valuation method.

Keywords: Sympathy; Willingness to pay; Contingent Valuation; Demand for sports (search for similar items in EconPapers)
JEL-codes: D3 Z13 Z19 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:cud:journl:v:35:y:2012:i:97:p:33-42

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