A Compensating Differential Approach to Valuing the Social Benefit of Minor League Baseball

15 Pages Posted: 7 Feb 2015

See all articles by Nola Agha

Nola Agha

University of San Francisco

Dennis Coates

University of Maryland, Baltimore County

Date Written: April 2015

Abstract

This research utilizes a compensating differential framework to measure the social benefits of minor league baseball teams. Consistent with findings at the major league level, individual housing observations from 138 metropolitan areas between 1993 and 2005 show that affiliated teams are associated with a significant 6 to 8% increase in rents in midā€sized markets ranging from 0.4 to 1.4 million people. On the other hand, independent teams and stadiums are associated with insignificant effects on rents. The positive effect of affiliated minor league teams suggests they are a valuable urban amenity that can contribute to local quality of life.

JEL Classification: H23, H41, H71, R50, L83

Suggested Citation

Agha, Nola and Coates, Dennis, A Compensating Differential Approach to Valuing the Social Benefit of Minor League Baseball (April 2015). Contemporary Economic Policy, Vol. 33, Issue 2, pp. 285-299, 2015, Available at SSRN: https://ssrn.com/abstract=2561644 or http://dx.doi.org/10.1111/coep.12080

Nola Agha (Contact Author)

University of San Francisco ( email )

2130 Fulton Street
San Francisco, CA 94117
United States

Dennis Coates

University of Maryland, Baltimore County ( email )

1000 Hilltop Circle
Baltimore, MD 21250
United States
410-455-3243 (Phone)
410-455-1054 (Fax)

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