CONSUMPTION BENEFITS OF NATIONAL HOCKEY LEAGUE GAME TRIPS ESTIMATED FROM REVEALED AND STATED PREFERENCE DEMAND DATA
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- John Whitehead Ph.D., Professor & Department Chair (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: This paper examines the demand for hockey game trips among metropolitan and nonmetropolitan residents of Alberta, Canada. Using data on both revealed and stated preference game-trip behavior from a telephone survey conducted throughout Alberta, we estimate the effect of ticket prices, team quality, arena amenities, and capacity on the latent demand for National Hockey League hockey games. We ?nd that lower ticket prices, higher team quality, and additional capacity encourage attendance. In the status quo scenario, consumer surplus per game is $50 for those who had attended hockey games and about 50% less for those who had not attended games. Exploiting the stated preference data, we develop a number of other consumer surplus estimates. We also include travel costs in the estimation of the demand function and estimate the full value of the game trip considering both ticket prices and travel costs. Sold-out arenas in Calgary and Edmonton generate annual consumption bene?ts of $40 and $35 million when only ticket prices are used to calculate consumer surplus (i.e., excluding travel costs). Considering the full-price consumer surplus for the Calgary Flames of $103 per game trip, the annual consumption bene?ts may be as high as$82 million. (JEL R22, L83, D61)
CONSUMPTION BENEFITS OF NATIONAL HOCKEY LEAGUE GAME TRIPS ESTIMATED FROM REVEALED AND STATED PREFERENCE DEMAND DATA
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Created on 7/12/2016
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Additional Information
- Publication
- Whitehead, John C., Bruce L. Johnson, Daniel S. Mason and Gordon J. Walker(2013) "Consumption Benefits of National Hockey League Game Trips Estimated from Revealed and Stated Preference Demand Data" Economic Inquiry 51(1):pp. 1012-1025
- Language: English
- Date: 2013
- Keywords
- Canada, hockey, NHL, consumption benefits, demand data