The economic value of a sports club for a city: empirical evidence from the case of a Spanish football team
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| Format: | Artículo científico |
| Language: | en |
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Universidade de Santiago de Compostela
2007
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| _version_ | 1876490848096485376 |
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| author | Pablo Castellanos |
| author_facet | Pablo Castellanos |
| contents | The economic value of a sports club for a city: empirical evidence from the case of a Spanish football team Pablo Castellanos José Manuel Sánchez Estudios Territoriales D61 L83 public goods sports economics urban economics The main objective of this paper is to find money values for somemeasurable but unpriced impacts of professional sport teams. Inparticular, both the use and non-use values of a professional footballteam are estimated using the contingent valuation method(CVM). Empirical evidence based on the results of the willingnessto-pay (WTP) figures derived from the estimation of logit and Tobitmodels suggests that a public good component exists for the team.Even though the magnitude of estimated WTP depends on the elicitationformat, the non-market value is a key factor to be includedin any cost-benefit analysis of the impact of the existence of a sportteam for its host city. 2007 artículo científico 1697-6223 https://www.redalyc.org/articulo.oa?id=50400702 en http://www.redalyc.org/revista.oa?id=504 Urban Public Economics Review application/pdf Universidade de Santiago de Compostela Urban Public Economics Review (España) Num.7 |
| format | Artículo científico |
| id | redalyc_50400702 |
| institution | Redalyc |
| language | en |
| publishDate | 2007 |
| publisher | Universidade de Santiago de Compostela |
| spellingShingle | The economic value of a sports club for a city: empirical evidence from the case of a Spanish football team Pablo Castellanos Estudios Territoriales D61 L83 public goods sports economics urban economics The economic value of a sports club for a city: empirical evidence from the case of a Spanish football team Pablo Castellanos José Manuel Sánchez Estudios Territoriales D61 L83 public goods sports economics urban economics The main objective of this paper is to find money values for somemeasurable but unpriced impacts of professional sport teams. Inparticular, both the use and non-use values of a professional footballteam are estimated using the contingent valuation method(CVM). Empirical evidence based on the results of the willingnessto-pay (WTP) figures derived from the estimation of logit and Tobitmodels suggests that a public good component exists for the team.Even though the magnitude of estimated WTP depends on the elicitationformat, the non-market value is a key factor to be includedin any cost-benefit analysis of the impact of the existence of a sportteam for its host city. 2007 artículo científico 1697-6223 https://www.redalyc.org/articulo.oa?id=50400702 en http://www.redalyc.org/revista.oa?id=504 Urban Public Economics Review application/pdf Universidade de Santiago de Compostela Urban Public Economics Review (España) Num.7 |
| title | The economic value of a sports club for a city: empirical evidence from the case of a Spanish football team |
| topic | Estudios Territoriales D61 L83 public goods sports economics urban economics |
| url | https://www.redalyc.org/articulo.oa?id=50400702 |