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- Title
WILLINGNESS-TO-PAY FOR SPORTING SUCCESS OF FOOTBALL BUNDESLIGA TEAMS.
- Authors
Wicker, Pamela; Whitehead, John C.; Johnson, Bruce K.; Mason, Daniel S.
- Abstract
This study shows that fans and people living in the region of 28 Football Bundesliga teams from all three divisions are willing to support their team financially. Survey respondents were asked for their willingness-to-pay to avoid a negative outcome (e.g., relegation) and to achieve a positive outcome (e.g., promotion). Fan bonds are applied as an alternative payment vehicle within the contingent valuation method. The results show that different factors affect the decision to support the team and the actual amount of willingness-to-pay—for attendees and nonattendees. Public goods are particularly relevant for reporting a positive willingness-to-pay. (JEL Z23, L83, H41)
- Subjects
FOOTBALL team management; PUBLIC goods; CONFIDENTIAL communications; FINANCIAL management; CAPITAL market
- Publication
Contemporary Economic Policy, 2016, Vol 34, Issue 3, p446
- ISSN
1074-3529
- Publication type
Article
- DOI
10.1111/coep.12148