2018
DOI: 10.1002/pam.22096
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Is There a Case for Subsidizing Sports Stadiums?

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Cited by 45 publications
(24 citation statements)
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“…This Tiebout (1956) competition is on two levels: between regions for the monopoly scarce opportunity to host a franchise and within a region to direct activity to a particular area. Rosentraub (2014) argues that despite not positively impacting regional economic growth, professional sports can beneficially reallocate activity within a region to downtown area, a notion supported by the neighborhood effects cited by Matheson (2019). Likewise, access to the major leagues may be perceived as impacting talent location decisions (Delaney and Eckstein, 2006).…”
Section: Public Finance Of Sports Venuesmentioning
confidence: 99%
“…This Tiebout (1956) competition is on two levels: between regions for the monopoly scarce opportunity to host a franchise and within a region to direct activity to a particular area. Rosentraub (2014) argues that despite not positively impacting regional economic growth, professional sports can beneficially reallocate activity within a region to downtown area, a notion supported by the neighborhood effects cited by Matheson (2019). Likewise, access to the major leagues may be perceived as impacting talent location decisions (Delaney and Eckstein, 2006).…”
Section: Public Finance Of Sports Venuesmentioning
confidence: 99%
“…Professional sports stadiums have been largely publicly funded in recent decades (Humphreys 2019). The public funding of stadiums is a topic of interest among economists and are of policy relevance, due to the large costs associated with building stadiums (Matheson 2019). The rationalization for public funding generally appears under the guise of economic growth, such as economic expansion and job creation.…”
Section: Introductionmentioning
confidence: 99%
“…Professor Matheson () argues that some aspects of professional sports teams constitute a public good. Following a local team, talking about the local team with friends and family, and the intangible “sense of community” and “world class city status” generated by high‐profile sports teams clearly embody characteristics of a public good.…”
mentioning
confidence: 99%
“…Matheson () further observes, correctly, that public subsidization of a public good can generate Pareto improvements, since profit maximizing firms operating in competitive markets undersupply pure public goods. Unfortunately, the market for professional sports teams falls far short of the ideal assumptions that generate this prediction.…”
mentioning
confidence: 99%