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Festival Economics: The Case of the Red River Revel

Author

Listed:
  • Gregory D. Clarke

    (Personal Financial Services, HSBC Bank Canada, Kitchener, Ontario N2G 1B1, Canada)

  • David J. Hoaas

    (Department of Economics, Centenary College, Shreveport, LA 71134, USA)

Abstract

Arts festivals are common in America. One successful festival held in Shreveport, Louisiana is the Red River Revel Arts Festival. The Revel features numerous artists, in addition to musical entertainment. Though the Revel charges admission, its primary revenue source is concession sales. Anecdotal evidence argues that concession sales are dependent upon many things, such as: the temperature, rain, and admission fee. This paper estimates a demand function for concession sales at the Revel between 1995 and 2004. This work has policy implications for those running the Revel, while also being of interest to the economist conducting research on similar topics.

Suggested Citation

  • Gregory D. Clarke & David J. Hoaas, 2007. "Festival Economics: The Case of the Red River Revel," Tourism Economics, , vol. 13(1), pages 163-175, March.
    • Handle: RePEc:sae:toueco:v:13:y:2007:i:1:p:163-175
    DOI: 10.5367/000000007779784470
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    References listed on IDEAS

    as
    1. Mita Bhattacharya & Russell Smyth, 2003. "The Game is Not the Same: The Demand for Test Match Cricket in Australia," Australian Economic Papers, Wiley Blackwell, vol. 42(1), pages 77-90, March.
    2. Donald I. Price & Kabir C. Sen, 2003. "The demand for game day attendance in college football: an analysis of the 1997 Division 1-A season," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(1), pages 35-46.
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    Cited by:

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    2. Sadyrbek Kozhokulov & Xi Chen & Degang Yang & Gulnura Issanova & Kanat Samarkhanov & Selvina Aliyeva, 2019. "Assessment of Tourism Impact on the Socio-Economic Spheres of the Issyk-Kul Region (Kyrgyzstan)," Sustainability, MDPI, vol. 11(14), pages 1-18, July.

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