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The Estimation of Consumer Surplus Benefits from a City Owned Multipurpose Coliseum Complex

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  • Stephen K. Layson

    (Department of Economics, 457 Bryan Building, UNCG, Greensboro, NC 27412-5001 USA)

Abstract

Coliseums can create consumer surplus benefits by providing types of entertainment to local residents that would otherwise not be available to them. This paper estimates consumer surplus for a major City owned entertainment/convention facility, the Greensboro Coliseum Complex (GCC). A novel aspect of this paper is that it estimates the distribution of consumer surplus across households of different income levels as well as aggregate consumer surplus. It is estimated that aggregate consumer surplus from the GCC in 1999 exceeded the public subsidy for this complex, but a disproportionate amount of the consumer surplus benefits go to higher income households.

Suggested Citation

  • Stephen K. Layson, 2005. "The Estimation of Consumer Surplus Benefits from a City Owned Multipurpose Coliseum Complex," Journal of Real Estate Research, American Real Estate Society, vol. 27(2), pages 221-236.
    • Handle: RePEc:jre:issued:v:27:n:2:2005:p:221-236
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    Cited by:

    1. Michael Sam & Jay Scherer, 2006. "The Steering Group as Policy Advice Instrument: A Case of “Consultocracyâ€\x9D in Stadium Subsidy Deliberations," Policy Sciences, Springer;Society of Policy Sciences, vol. 39(2), pages 169-181, June.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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