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Impact of Overwhelming Joy on Consumer Demand

Author

Listed:
  • Jean-Marc Falter

    (University of Geneva, Switzerland)

  • Christophe Pérignon

    (Simon Fraser University, Canada)

  • Olivier Vercruysse

    (Catholic University of Louvain, Belgium)

Abstract

In this article, the authors identify the period following a Soccer World Cup victory as a period of overwhelming joy for the winning country, and they test the impact of a World Cup victory on the demand for soccer in this country. After controlling for the main determinants of attendance, the authors find that consumer demand has positively, significantly, and durably shifted in France following the 1998 World Cup. They also show that the rise in demand is stronger in the nine cities that hosted the World Cup and that the World Cup effect persists for percentage attendance after they control for season ticket holders. Finally, the authors find supportive evidence to their claim that exceptional performance improves sport popularity when analyzing soccer attendance in several control countries, attendance for a potential substitute for soccer in France, and other episodes of overwhelming joy.

Suggested Citation

  • Jean-Marc Falter & Christophe Pérignon & Olivier Vercruysse, 2008. "Impact of Overwhelming Joy on Consumer Demand," Journal of Sports Economics, , vol. 9(1), pages 20-42, February.
    • Handle: RePEc:sae:jospec:v:9:y:2008:i:1:p:20-42
    DOI: 10.1177/1527002506296548
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    References listed on IDEAS

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    1. Dennis Coates & Brad R. Humphreys & Li Zhou, 2014. "Reference-Dependent Preferences, Loss Aversion, And Live Game Attendance," Economic Inquiry, Western Economic Association International, vol. 52(3), pages 959-973, July.

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    demand for sports; externalities;

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