The valuation of publicly financed sport’s arenas

Wiker, Dagmara (2017): The valuation of publicly financed sport’s arenas.

Abstract

The aim of this study is to estimate the willingness-to-pay (WTP) among the community of the Pomeranian region, Poland in connection with intangible benefits and costs stemming from hosting the Euro 2012 in Gdansk. A survey conducted among 407 respondents was the source of information. The results of the study show that the average value of WTPbenefit for the whole sample was 45,72 PLN and WTPcost was 3,86 PLN. The aggregate values for the whole region was in terms of benefits and costs 396,6 million PLN and 33,49 million PLN respectively. The results thus confirm the existence of both intangible benefits and costs associated with the event. However, it should be noted that the importance of the net benefits is insignificant and does not compensate for the massive expenditure from public sources.

• Item Type: MPRA Paper
• Language: English
• Keywords: Contingent Valuation Method, Euro 2012, Football arena, Football Championships, Mega sport event, Willingness-to-Pay
• Subjects: H - Public Economics > H4 - Publicly Provided Goods

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