What is it about?
Yes, we find that in mid-sized cities (from about 0.5 million to 1.5 million people) the presence of an affiliated minor league baseball team is associated with an increase in rents. In theory, this would occur if the team was seen as a local amenity that positively contributed to quality of life, similar to other amenities like sunshine, good schools, or a robust park system.
Featured Image
Photo by jason song on Unsplash
Why is it important?
Billions of public dollars are spent every year to build stadiums for sports teams. In the absence of any real economic benefit, these subsidies are justified because of the "feel good" or public good factor of these teams. We find that this argument holds for minor league teams only in limited circumstances.
Read the Original
This page is a summary of: A COMPENSATING DIFFERENTIAL APPROACH TO VALUING THE SOCIAL BENEFIT OF MINOR LEAGUE BASEBALL, Contemporary Economic Policy, August 2014, Wiley,
DOI: 10.1111/coep.12080.
You can read the full text:
Contributors
The following have contributed to this page
