Review paper
Costs: The Rest of the Economic Impact Story
Abstract
Economic impact studies are frequently commissioned to justify investments in sport projects. However, decisions also should include a consideration of a project’s costs since it is the net return on investment that should drive decisions. Whenever taxpayer funds are expended on a sports project there is an opportunity cost. Three types of opportunity cost are discussed. Explicit costs are those for which a government entity “writes a check.”...
Paper Details
Title
Costs: The Rest of the Economic Impact Story
Published Date
Sep 1, 2013
Journal
Volume
27
Issue
5
Pages
379 - 392
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Notes
History