Major league baseball attendance: Long-term analysis using factor models

Seung Ahn, Young H. Lee

Research output: Contribution to journalArticle

8 Scopus citations

Abstract

Although Major League Baseball has a long history, most studies of attendance have focused on recent years because important explanatory data, such as ticket prices, are often missing for earlier periods. This study fills gaps in the data by analyzing individual team attendance records between 1904 and 2012. If important missing variables are determined using common factors that can influence between-team attendance, the attendance function can be estimated by a panel factor model. Our results indicate that the determinants of fans’ attendance decisions have changed over time. In earlier years (1904-1957), the home team’s win record was the only significant team characteristic influencing attendance. However, in recent years (1958-2012), outcome uncertainty, size, and quality of the stadium, and playing styles have also influenced fan attendance.

Original languageEnglish (US)
Pages (from-to)451-477
Number of pages27
JournalJournal of Sports Economics
Volume15
Issue number5
DOIs
StatePublished - Jan 1 2014

Keywords

  • Attendance
  • Common factors
  • Factor loading
  • Fan loyalty
  • Outcome uncertainty
  • Panel data

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (miscellaneous)

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