The authors use data that are collected from the 2007 season to study attendance at Nippon Professional Baseball (NPB) games. Like Major League Baseball (MLB) teams, Japanese teams set price in the inelastic portion of the demand curve, but standard explanations for low prices do not apply. The...

In response to declining budgets, many school districts in the US have reduced funding for sports. In Europe, parents may respond to difficult economic times by spending less on sports clubs for their children. Such cuts are unwise if participating in sports is an investment good as well as a...