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Willingness to Pay for Nontraditional Attributes Among Participants of a Long-Distance Running Race

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  • Magnus Söderberg

Abstract

Adding value-driven attributes to sporting events has the potential to increase long-term financial growth for organizers of large sporting events. This study identifies which attributes are most valued by long-distance runners who have participated in Göteborgsvarvet , one of the world’s largest long-distance running races. Runners’ willingness to pay (WTP) for these attributes are calculated based on a choice experiment with data from 1,178 respondents. The primary findings are that (1) runners have the highest WTP for detailed stage time reporting and (2) there are significant variations in WTP among various segments.

Suggested Citation

  • Magnus Söderberg, 2014. "Willingness to Pay for Nontraditional Attributes Among Participants of a Long-Distance Running Race," Journal of Sports Economics, , vol. 15(3), pages 285-302, June.
    • Handle: RePEc:sae:jospec:v:15:y:2014:i:3:p:285-302
    DOI: 10.1177/1527002512452876
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    References listed on IDEAS

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    Cited by:

    1. Randy R. Grant & Brittany Teahan, 2019. "Pricing Footraces in the United States: An Application of Hedonic Pricing to the Running Industry," The American Economist, Sage Publications, vol. 64(2), pages 293-305, October.
    2. Whitehead, John C. & Wicker, Pamela, 2018. "Estimating willingness to pay for a cycling event using a willingness to travel approach," Tourism Management, Elsevier, vol. 65(C), pages 160-169.
    3. John C. Whitehead & Melissa S. Weddell & Peter A. Groothuis, 2016. "Mitigating Hypothetical Bias In Stated Preference Data: Evidence From Sports Tourism," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 605-611, January.
    4. John C. Whitehead & Pamela Wicker, 2017. "Using Willingness to Travel to Estimate the Monetary Value of Intangible Benefits Derived from Active Sport Event Tourism," Working Papers 17-03, Department of Economics, Appalachian State University.
    5. John C. Whitehead & Pamela Wicker, 2019. "Examining return visitation and the monetary value of participatory sport events: The role of attribute non-attendance," Working Papers 19-13, Department of Economics, Appalachian State University.

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