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ECIN Replication Package for "Revisiting the novelty effect from new stadiums: An event study approach"
Principal Investigator(s): View help for Principal Investigator(s) John Charles Bradbury, Kennesaw State University
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| Stata | 04/09/2024 01:13:PM | ||
| csv | 04/09/2024 01:10:PM | ||
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application/pdf | 129.3 KB | 04/09/2024 10:25:AM |
Project Citation:
Bradbury, John Charles. ECIN Replication Package for “Revisiting the novelty effect from new stadiums: An event study approach.” Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-04-09. https://doi.org/10.3886/E200122V1
Project Description
Summary:
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This repository contains includes all data files (.dta and
.csv) and Stata do-files needed to generate the estimates, tables, and figures reported in "Revisiting the novelty effect from new stadiums: An event study approach."
Abstract: This analysis examines the impact of new stadiums on consumer demand for sports spectatorship in the four major US-based professional sports leagues. Estimates from difference-in-differences (DiD) event studies identify a transitory attendance shock from new venues that diminishes to pre-stadium-treatment levels within a decade. The updated estimates confirm the existence of the novelty effect in modern facilities and identify subtle differences in magnitude, certainty, and duration across leagues. Revenue estimates indicate that the substantial financial returns from constructing new stadiums likely incentivize the premature replacement of host venues when combined with typical public subsidy levels.
Abstract: This analysis examines the impact of new stadiums on consumer demand for sports spectatorship in the four major US-based professional sports leagues. Estimates from difference-in-differences (DiD) event studies identify a transitory attendance shock from new venues that diminishes to pre-stadium-treatment levels within a decade. The updated estimates confirm the existence of the novelty effect in modern facilities and identify subtle differences in magnitude, certainty, and duration across leagues. Revenue estimates indicate that the substantial financial returns from constructing new stadiums likely incentivize the premature replacement of host venues when combined with typical public subsidy levels.
Scope of Project
Subject Terms:
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novelty effect;
professional sports;
stadium subsidies;
consumer demand for sports
JEL Classification:
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H71 State and Local Taxation, Subsidies, and Revenue
L83 Sports; Gambling; Restaurants; Recreation; Tourism
Z23 Sports Economics: Finance
H71 State and Local Taxation, Subsidies, and Revenue
L83 Sports; Gambling; Restaurants; Recreation; Tourism
Z23 Sports Economics: Finance
Manuscript Number:
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ECIN-Oct-2023-0440.R1
Geographic Coverage:
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United States, Canada
Time Period(s):
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1980 – 2019
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