nep-spo New Economics Papers
on Sports and Economics
Issue of 2018‒11‒12
two papers chosen by
Humberto Barreto
DePauw University

  1. How outcome uncertainty, loss aversion and team quality affect stadium attendance in Dutch professional football By Lucas M. Besters; Jan (J.C.) van Ours; Martin A. van Tuijl
  2. Value of Public Goods Generated by National Sport Training Center (NSTC): The CVM Approach By Nantarat Tangvitoontham

  1. By: Lucas M. Besters (Rabobank); Jan (J.C.) van Ours (Erasmus School of Economics); Martin A. van Tuijl (Tilburg University)
    Abstract: We investigate stadium attendance in the highest level of Dutch professional football for the seasons 2000/01 – 2015/16 focusing on outcome uncertainty, loss aversion and team quality. We find that for individual football matches, attendance is related to reference-dependent preferences with loss aversion dominating the preference for uncertain outcomes. Furthermore, team quality is an important determinant of stadium attendance. Towards the end of the season, outcome uncertainty regarding the final ranking becomes important. For this seasonal uncertainty, we find a positive and stable, but rather small impact of the introduction of a unique and large end-of-season play-off scheme for the qualification for European football.
    Keywords: Stadium attendance; Professional football; Outcome uncertainty; Loss aversion; Play-offs
    JEL: L83 D12
    Date: 2018–11–05
  2. By: Nantarat Tangvitoontham (Faculty of Economics, Srinakharinwirot University)
    Abstract: This research objects to value of a public investment project, National Sport Training Center (NSTC), which generates valuable public goods and positive externalities, though such benefits are difficult to measure. It specifically describes the use of the Contingent Valuation Method (CVM) to conduct such surveys and to analyze the data to measure the benefits produced by sports public goods. The survey showed the feasibility of using the CVM to estimate willingness-to-pay for sports public goods. Also, to answered the question of how much sports are worth since the government has subsidized the construction the NSTC. The valuation of public goods are examined. The data and analysis indicate that NSTC can produce public goods such as national pride and spirit and the value of those public goods may be substantial. The study found that the willingness to pay on national pride and spirit are depended on gender, occupation, income, and attention to sports. The result shown that national spirit value averagely equals 19.24 baht per month and national pride is averagely 20.22 baht per month.
    Keywords: contingent valuation method, public goods, sport economics
    JEL: A10 C49 H41
    Date: 2018–07

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