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The Estimation of Consumer Surplus Benefits from a City Owned Multipurpose Coliseum Complex


Stephen K. Layson


University of North Carolina (UNC) at Greensboro - Department of Economics


Journal of Real Estate Research, Vol. 27, No. 2, 2005

Abstract:     
Coliseums can create consumer surplus benefits by providing types of entertainment to local residents that would otherwise not be available to them. This paper estimates consumer surplus for a major city owned entertainment/convention facility, the Greensboro Coliseum Complex (GCC). A novel aspect of this paper is that it estimates the distribution of consumer surplus across households of different income levels, as well as
aggregate consumer surplus. It is estimated that aggregate consumer surplus from the GCC in 1999 exceeded the public subsidy for this complex, but a disproportionate amount of the consumer surplus benefits go to higher income households.

Number of Pages in PDF File: 16

Keywords: consumer surplus, coliseum, convention facility, household income

JEL Classification: R52, R53, R22, R11, O22, J11

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Date posted: December 26, 2006  

Suggested Citation

Layson, Stephen K., The Estimation of Consumer Surplus Benefits from a City Owned Multipurpose Coliseum Complex. Journal of Real Estate Research, Vol. 27, No. 2, 2005. Available at SSRN: http://ssrn.com/abstract=953687

Contact Information

Stephen K. Layson (Contact Author)
University of North Carolina (UNC) at Greensboro - Department of Economics ( email )
Greensboro, NC 27402-6165
United States
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