Loss Aversion, Team Relocations, and Major League Expansion

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Brad R. Humphreys; Li Zhou;
  • Subject: Endowment Effect, Loss aversion, major league sports, bargaining | Endowment Effect; Loss aversion; major league sports; bargaining
    • jel: jel:D42 | jel:L83 | jel:H25 | jel:L12

Professional sports teams receive large public subsidies for new facility construction. Empirical research suggests that these subsidies cannot be justified by tangible or intangible economic benefits. We develop a model of bargaining between local governments and teams... View more
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    18 references, page 1 of 2

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