Articles in this issue:

  • Dennis Coates
    Brad R. Humphreys

    We examine the relationship between game day attendance, uncertainty of outcome, and team and facility quality in the National Football League. Based on results from a reduced form model of game day attendance at 5,495 regular season NFL games from the 1985-2008 seasons, we find weak evidence that attendance increases when fans expect the home team to win by a large margin, and strong evidence that attendance decreases when the home team is expected to lose, contrary to the predictions of the Uncertainty of Outcome Hypothesis.Read more

  • Donald Alexander
    William Kern

    State supported universities have been investing considerable sums in intercollegiate athletics in the hope that such investments will pay off in terms of increased enrollments, improved student quality, and economic benefits such as revenues from ticket sales and bowl and tournament appearances. Does athletic success also yield returns in the form of greater state appropriations? This paper finds that there is some evidence to support this contention though the impact on state appropriations appears to be concentrated more heavily on the members of Division I-A with winning football or...Read more

  • Steven Cobb
    Douglas J. Olberding

    This paper provides empirical support for the Alchian and Allen “shipping the good apples out” hypothesis. The hypothesis version tested here involves estimating the effect of travel cost on the quality of a weekend trip to Cincinnati, where travel cost is measured by time spent in travel and visit quality is measured by the amount of discretionary spending associated with the trip. Using linear regression analysis on data from race participants in the 2008 Flying Pig marathon and half marathon races, strong and robust evidence is found to support the validity of this hypothesis....Read more

  • Brad R. Humphreys
    Yang Seung Lee

    We develop a quality adjusted professional sports franchise price index for North America based on the repeat sale method and a hybrid method originally applied to house prices. For the repeat sale method, the index reflects trends in the general price of franchises holding market, facility and team quality constant. The constant quality constant assumption in the repeat sale model may affect the price index, so we also use a hybrid model as an alternative. The repeat sale method price index exhibits considerable volatility but no upward trend over time, unlike previous quality adjusted...Read more

  • Wen-Jhan Jane
    Nai-Fong Kuo
    Jyun-Yi Wu
    Sheng-Tung Chen

    This paper investigates the determinants of game-day attendance in the Chinese Professional Baseball League (CPBL) from 2001 to 2007. We include measures of league-level uncertainty and game uncertainty for two rivals at the same time in a quantile regression model. The results support the hypothesis of outcome uncertainties. Closer wins by the competing teams within a league and a smaller gap in terms of the winning percentage between two teams induces more outcome uncertainty, and consequently leads to higher attendance. Moreover, the results of the quantile regression show that these...Read more