Arenas Vs. Multifunctional Stadia – Which Do Spectators Prefer?
Hamburg University of Economics and Politics
University of Hamburg - Faculty of Economics and Business Administration
Hamburg Contemporary Economic Discussions, No. 14, 2007
Large sports stadia construction follows two different general concepts: (1) Mono-functional arenas which are specially suited for one sport exclusively and which are characterised by the absence of an athletic track. (2) Multifunctional sports stadia which can be used for different sporting or cultural events. Officials of clubs often argue that the atmosphere in an arena is significantly better than that of a multipurpose facility and that spectators prefer such an atmosphere. Estimated panel regressions with fixed effects show a significant positive effect of a mono-functional soccer stadium on spectator demand. Controlling for other demand determinants in the German professional soccer league, Bundesliga, an isolated effect of around 4,800 additional spectators a game can be found. This translates into a substantial increase of about 18.7% against the mean value of 25,602 spectators per Bundesliga game.
Number of Pages in PDF File: 21
Keywords: Demand for sport, soccer, mono-functional arenas, multifunctional stadia
JEL Classification: L83, C23, C24working papers series
Date posted: December 13, 2009
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