Proceedings of the 5 th ESEA Conference
Edited By Oliver Budzinski and Arne Feddersen
The Economics of Motorsport Centers
This paper presents a systematic economic analysis of motorsport centers, including their description and categorization. Furthermore, the economic theory of motorsport centers is explored and motorsport centers are viewed to be platforms.
motor racing, motorsport centers, platform competition, multisided markets, sports economics
Sports facilities represent an important element of professional sports markets. Most professional and high-level amateur sports disciplines require specialized and sophisticated facilities like arenas for athletics, tennis and others, stadiums for football, baseball and others, halls for basketball, handball, swimming, hockey, judo and others, or tracks for horse or motor racing. Building and managing such a professional facility represents serious business, and markets for sports facilities possess several interesting characteristics from an economic point of view. Sports economic literature has addressed sports facilities topics with an emphasis on cost-benefit analyses (inter alia, Crompton 1995; Noll & Zimbalist 1997; Siegfried & Zimbalist 2000, 2006; Sanderson 2000; Chapin 2002), often including the problem of subsidizing them with taxpayer money (inter alia, Irani 1997; Coates & Humphreys 2003, Grieve & Sherry 2012), but also addressing questions like the economics of specialized versus generalized facilities (Feddersen & Maennig 2009). In doing so, different types of sports facilities as well as different sports disciplines’ facilities have been subject to economic analyses (Coates & Humphreys 2003). Race tracks, however, have been neglected in the literature so far, in particular tracks for professional motor racing. This is surprising given the high economic importance of professional motor racing with the FIA Formula...
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