A COMPENSATING DIFFERENTIAL APPROACH TO VALUING THE SOCIAL BENEFIT OF MINOR LEAGUE BASEBALL.

This research utilizes a compensating differential framework to measure the social benefits of minor league baseball teams. Consistent with findings at the major league level, individual housing observations from 138 metropolitan areas between 1993 and 2005 show that affiliated teams are associated...

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Publicado en:Contemporary Economic Policy Vol. 33; no. 2; pp. 285 - 300
Autores principales: Agha, Nola, Coates, Dennis
Formato: Artículo
Publicado: Wiley-Blackwell Apr2015
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: A COMPENSATING DIFFERENTIAL APPROACH TO VALUING THE SOCIAL BENEFIT OF MINOR LEAGUE BASEBALL.
      aug:
        au:
          Agha, Nola
          Coates, Dennis
        affil:
          Assistant Professor, Sport Management Program, University of San Francisco, 2130 Fulton Street KA241, San Francisco CA 94117–1080
          Professor, Department of Economics, University of Maryland, Baltimore County, 1000 Hilltop Road, Baltimore MD 21250
      su:
        Rent
        Metropolitan areas
        Quality of life
        Minor league baseball
        Baseball teams
      sug:
        subj:
          Rent
          Metropolitan areas
          Quality of life
          Sports Teams and Clubs
          All Other Amusement and Recreation Industries
          Minor league baseball
          Baseball teams
      ab: This research utilizes a compensating differential framework to measure the social benefits of minor league baseball teams. Consistent with findings at the major league level, individual housing observations from 138 metropolitan areas between 1993 and 2005 show that affiliated teams are associated with a significant 6 to 8% increase in rents in mid-sized markets ranging from 0.4 to 1.4 million people. On the other hand, independent teams and stadiums are associated with insignificant effects on rents. The positive effect of affiliated minor league teams suggests they are a valuable urban amenity that can contribute to local quality of life. (JEL H23, H41, H71, R50, L83 )
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