Local governments often justify subsidizing sports stadiums as economic development projects that have positive returns on investment. If this is true, economic and quality-of-life spillovers that are capitalized in local property values ought to generate additional tax revenue for host...

This study examines the determinants of Major League Soccer team attendance during the league's recent era of growth. Estimates indicate that regular-season on-field performance is positively associated with attendance, but the returns to success are diminishing. Positive novelty effects are...

Local government funding of sports stadiums is frequently justified as stimulating economic activity despite consensus contrary findings in the academic literature. Though some studies have identified positive neighborhood effects from stadiums on nearby residential property, scant research...

This study examines reasons for the declining share of revenue going to Major League Baseball players. Though the players' union and team owners have proposed competing explanations, the phenomenon has not received any rigorous academic study. Economic theories for the similar decline of labor's...

Local governments routinely subsidize sports stadiums and arenas using the justification that hosting professional franchises produces economic development and social benefits in the community. The prevalence of venue subsidies generated an extensive and vibrant research literature, which spans...

Though researchers have demonstrated conclusively that sports stadiums are not economic development catalysts, stadium projects that include pre-planned ancillary developments have been proposed as a salutary strategy to overcome the widely observed dismal economic performance of standalone...

In 2015, NCAA Division I schools were permitted to cover the “full cost of attendance” as a part of athletic scholarships for the first time. This policy change allowed schools to provide modest living stipends to its athletes. Each school has autonomy to set its cost-of-attendance allowance...

This analysis examines the novelty effect from new modern stadiums in the four major US-based professional sports leagues using a robust difference-in-differences event study approach. Estimates identify an immediate positive attendance shock from new venues that diminishes to...