5801. Mega-Sporting Events as Experience Goods
- Author:
- Malte Heyne, Wolfgang Maennig, and Bernd Suessmuth
- Publication Date:
- 01-2007
- Content Type:
- Working Paper
- Institution:
- Chair for Economic Policy, University of Hamburg
- Abstract:
- This paper tests the hypothesis that a nation’s hosting of a mega-sporting event is an experience good for its residents. Applying data from an ex-ante and ex-post query based on contingent valuation methods, we use the Soccer World Cup 2006 as a natural experiment. The significant ex-post increase in valuation is shown to be due to adventitious citizens requiring an involving experience, rather than to an updating of a-prior assessment.
- Topic:
- Economics, Sports, World Cup, Cotingent Valuation Method, and Experience Goods
- Political Geography:
- Global Focus