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The Total Economic Value of Sporting Events Theory and Practice

Author

Listed:
  • Eric Barget

    (University of Poitiers)

  • Jean-Jacques Gouguet

    (University of Limoges)

Abstract

The production and consumption of the sporting event generates not only positive externalities (social peace and social links, etc.), butalso negative ones (hooliganism and doping, etc.). Therefore, it is necessary to try to internalize these external effects and determine the total economic value of the sporting event, which would measure the real net social utility created. On this basis, it would be possible to decide whether sporting events deserve to be subsidised—and at whatlevel. More than the general principle that the economic calculation can provide to make a decision, such a determination of the total economic value of a sporting event poses formidable methodological problems. In the case study presented, the authors believe they have reduced many of the biases attached to the travel costs method and contingent valuation method. However, faced with the shortcomings of the cost/benefit method (even when expanded), it is nowadays recommended to resort to a deliberative approach with a view to providing some help in making a decision.

Suggested Citation

  • Eric Barget & Jean-Jacques Gouguet, 2007. "The Total Economic Value of Sporting Events Theory and Practice," Journal of Sports Economics, , vol. 8(2), pages 165-182, May.
  • Handle: RePEc:sae:jospec:v:8:y:2007:i:2:p:165-182
    DOI: 10.1177/1527002505279349
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    Citations

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    Cited by:

    1. Gautier Fontanel & Liliane Bensahel & Jacques Fontanel, 2009. "Le sport, expression suprême de la mondialisation économique," Post-Print hal-02112682, HAL.
    2. Mause, Karsten, 2020. "Fußballspiele, Polizeieinsätze und Steuerzahler: Ökonomische Anmerkungen zur Polizeikosten-Debatte [Football Matches, Police Operations and Taxpayers: Economic Remarks on the Police-Cost Debate]," MPRA Paper 100345, University Library of Munich, Germany.
    3. Pasquale Lucio Scandizzo & Maria Rita Pierleoni, 2018. "Assessing The Olympic Games: The Economic Impact And Beyond," Journal of Economic Surveys, Wiley Blackwell, vol. 32(3), pages 649-682, July.
    4. de Boer, Willem I.J. & Koning, Ruud H. & Mierau, Jochen O., 2017. "Ex-ante and ex-post willingness-to-pay for hosting a major cycling event," Research Report 17013-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    5. Chun-Chu Yeh & Cheng-Shen Lin & Chin-Huang Huang, 2018. "The Total Economic Value of Sport Tourism in Belt and Road Development—An Environmental Perspective," Sustainability, MDPI, vol. 10(4), pages 1-14, April.
    6. Line Bjørnskov Pedersen & Astrid Kiil & Trine Kjær, 2011. "Soccer Attendees’ Preferences for Facilities at the Fionia Park Stadium: An Application of the Discrete Choice Experiment," Journal of Sports Economics, , vol. 12(2), pages 179-199, April.
    7. Filippo Bazzanella & Nunzio Muratore & Philipp Alexander Schlemmer & Elisabeth Happ, 2021. "How the Covid-19 Pandemic Influenced the Approach to Risk Management in Cycling Events," JRFM, MDPI, vol. 14(7), pages 1-20, June.
    8. Jean-François Bourg & Jean-Jacques Gouguet, 2010. "The Political Economy of Professional Sport," Books, Edward Elgar Publishing, number 13177.
    9. Willem I. J. de Boer & Ruud H. Koning & Jochen O. Mierau, 2019. "Ex Ante and Ex Post Willingness to Pay for Hosting a Large International Sport Event," Journal of Sports Economics, , vol. 20(2), pages 159-176, February.

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