When decisions are made to construct new stadia or to undertake major renovation work, the decision makers often assume that more spectators will be attracted. This so-called “novelty effect?is used as an argument that an impulse towards increased demand for the region and its services will be created, thus justifying public sector management to supply public funding. This study registers the novelty effect of soccer stadia in Germany since the beginning of the Bundesliga (1963-64) up to the end of the 2003-04 season and is based on annual team attendance per game. The data from all 12,488...Read more
