Considerable time has been spent on identifying the demand determinants in major league sports. Much less attention has focused on minor league baseball despite its unique business structure: with free inputs provided by strategic alliance partners, minor league teams rely more heavily on their...

This article uses an extensive unique data set to investigate the efficiency of government subsidies for minor league baseball teams and stadiums by measuring pecuniary gains in a local economy. Specifically, a dynamic panel data model incorporating 238 Metropolitan Statistical Areas (MSAs) that...