Policy makers, policy advisers and the general public usually see events as beneficial to the economy of the host city. Such belief is supported by numerous economic impact studies that usually exhibit large positive impacts. However, research has identified potential methodological issues in...

Speed limits were introduced in the Lagoon of Venice in 2002 to reduce wave motion, which damages environmentally sensitive areas in the broader Lagoon as well as buildings in the city of Venice. In this paper, we estimate the welfare losses experienced by recreational boaters as a result of the...