- Title
- Stadium financing, usage and the impact of institutional change on consumer demand : the case of VFL Park, 1970–1986
- Creator
- Mishra, Vinod; Borrowman, Luc; Frost, Lionel; Halabi, Abdel
- Date
- 2023
- Type
- Text; Journal article
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/193469
- Identifier
- vital:18176
- Identifier
-
https://doi.org/10.1111/aehr.12258
- Identifier
- ISSN:2832-157X (ISSN)
- Abstract
- Ownership, financing, and usage of stadiums are key issues that affect the commercial operations of sports leagues. Stadiums that are owned by leagues may generate deadweight losses if they are not used to full capacity. We (1) model demand to measure the impact of the Victorian Football League building a privately-funded stadium (VFL Park); (2) then use counterfactual scenarios to estimate social saving from different venues and playing days, and determine whether further welfare gains would have been possible. VFL Park provided greater control over revenue, but further institutional change was needed to fully exploit potential commercial gains from the stadium. © 2023 The Authors. Asia-Pacific Economic History Review published by Economic History Society of Australia and New Zealand and John Wiley & Sons Australia, Ltd.
- Publisher
- John Wiley and Sons Inc
- Relation
- Asia-Pacific Economic History Review Vol. 63, no. 1 (2023), p. 94-116
- Rights
- All metadata describing materials held in, or linked to, the repository is freely available under a CC0 licence
- Rights
- https://creativecommons.org/licenses/by-nc/4.0/
- Rights
- Copyright © 2023 The Authors
- Rights
- Open Access
- Subject
- 4303 Historical studies; Australian rules football; Institutional change; Revenue management; Social saving; Stadium economics
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