Articles in this issue:

• The Curious (and Spurious?) Relationship Between Intercollegiate Athletic Success and Tuition Rates, pp. 3-18

  D. Randall Smith

  Previous research suggests that college and universities may use success in big-time intercollegiate athletics to increase tuition. The largest effects have been found at public institutions, especially for out-of-state tuition rates. The present study revisits those findings using a broader sample that includes private schools. Rates are more responsive to athletic success when tuition includes room, board, and fees—more so in the case of football performance than in basketball performance. When the dependent variable is exclusively tuition, there appears to be little relationship with...Read more

• The Estimated Rents of a Top-Flight Men’s College Hockey Player, pp. 19-29

  Leo H. Kahane

  We employed a methodology similar to Brown (1993, 1994) to estimate the marginal revenue generated by a top-flight NCAA Division I college hockey player. We added to the extant literature in two ways. First, the previous research focused on college basketball and football players. This is the first attempt to consider the case of college hockey players. Second, previous research has been conducted using relatively small, cross-sections of data. We employed a larger, panel dataset. Empirical results showed that top-flight college hockey players generate between $131,000 and $165,000 in...Read more

• The Bottom Line: Accounting for Revenues and Expenditures in Intercollegiate Athletics, pp. 30-45

  Victor A. Matheson

  Debra J. O’Connor

  Joseph H. Herberger

  We examined the profitability of Division I athletic programs at colleges and universities in the United States under a variety of accounting definitions of profit. The data identified several broad themes. First, a majority of athletic departments relied heavily on direct and indirect subsidization of their programs by the student body, the institution itself, and state governments in order to balance their books. Without such funding, less than one-third of Bowl Championship Series (BCS) athletic departments and none of the non-BCS departments were in the black. Second, athletic programs...Read more

• Assessing the Efficiency of Local Entities in the Provision of Public Sports Facilities, pp. 46-72

  Benardino Benito

  José Solana

  María-Rocío Moreno

  In recent years, Spanish municipal authorities have been devoting important amounts of their resources to financing the construction and maintenance of sports facilities. However, the current financial climate has led to a decrease in the resources available, while demand by citizens has continued to grow. Management must therefore become more efficient if quality services are to continue to be offered. Analysis of the factors that affect efficiency of local entities provides important strategic information. A twostage double bootstrap procedure was used to estimate the efficiency...Read more