ABSTRACT

Using public goods theory as a guidepost, scholars have correctly observed that subsidies for sport venues are a product of the monopolistic structure of major sport leagues. Without challenging the observation that economic rent is being extracted from cities, we utilize the municipal capitalism framework to explore the ongoing appeal of teams to cities. We note that rising levels of economic segregation required local officials to aggressively pursue partnerships to offer competitive club goods that deflect regional economic activity into their taxing jurisdictions. After reviewing 116 published academic papers to establish the two frameworks (public goods and municipal capitalism), we use three previously studied case studies to assess outcomes in light of a municipal capitalism perspective. This permits us to provide insights into the use of various sources of public capital to deflect economic activity with the potential to enhance economic development and tax revenues. The work also identifies the need for additional research to compare and contrast classical public goods theory, municipal capitalism, and local government initiatives in an era of “fend for yourself federalism.”

摘要

以公共物品理论为指导，学者们正确地观察到，对体育场馆的补贴是主要体育联盟垄断结构的产物。在不质疑经济租金正在从城市中提取的观察结果的情况下，我们利用市政资本主义框架来探索团队对城市的持续吸引力。我们注意到，日益严重的经济隔离要求地方官员积极寻求合作伙伴关系，以提供有竞争力的俱乐部商品，将区域经济活动转移到他们的税收管辖区。在审查了 116 篇已发表的学术论文以建立两个框架（公共产品和市政资本主义）之后，我们使用三个先前研究的案例研究从市政资本主义的角度评估结果。这使我们能够深入了解如何利用各种公共资本来源来转移经济活动，从而有可能促进经济发展和税收收入。这项工作还确定了在“自生自灭的联邦制”时代需要进行更多研究来比较和对比古典公共物品理论、市政资本主义和地方政府举措。