Theoretical and Applied Economics
No. 7 / 2013 (584)
A model for measuring value for money in professional sports
The Bucharest University of Economis Studies
Abstract. Few to almost none sports teams measure the entertainment value they provide to fans in exchange of the money the latter ones spend on admission fees. Scientific literature oversees the issue as well. The aim of this paper is to present a model that can be used for calculating value for money in the context of spectating sports. The research question asks how can value for money be conceptualized and measured for sports marketing purposes? Using financial and sporting variables, the method calculates how much money, on average, a fan had to spend for receiving quality entertainment – defined as won matches – from his favorite team, during the last season of the Romanian first division football championship. The results only partially confirm the research hypothesis, showing that not just price and sporting performances may influence the value delivered to fans, but other factors as well.
Contents
Oltenia’s identity – A systemic approach of a tourism destination’s universe
Perspectives of economics – behavioural economics
Business cycles synchronization in the European Union: truth or challenge?
Saving and economic growth: An empirical analysis for Euro area countries
Security of M-Commerce transactions
A model for measuring value for money in professional sports
The influence of modern epistemological streams. The case of epistemological anarchism
From a holistic approach of public policy to co-governance
Reference vectors in economic choice
The economic and communication implications of tourism in Romania