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Willingness to Pay for Hosting Formula One

Christian Gjersing Nielsen et al.

Journal of Sports Economics2025https://doi.org/10.1177/15270025241301080article
AJG 2ABDC B
Weight
0.37

What the paper says

Following Carson and Groves’s theoretical framework on incentive compatibility in stated preference surveys, we apply the contingent valuation method with a single-bounded dichotomous referendum-style choice question to estimate the willingness to pay to host a Formula One Grand Prix in Copenhagen, Denmark. Based on a sample of 2,268 respondents answering a web-based questionnaire distributed to a random sample of individuals living in Copenhagen through the Danish public digital post system, we find an annual aggregate welfare improvement in the range of €7.36–13.82 million among the 320,825 households in Copenhagen Municipality, with €9.70 million as our central estimate, not considering potential negative welfare changes from hosting.

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https://doi.org/https://doi.org/10.1177/15270025241301080

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@article{christian2025,
  title        = {{Willingness to Pay for Hosting Formula One}},
  author       = {Christian Gjersing Nielsen et al.},
  journal      = {Journal of Sports Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/15270025241301080},
}

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Willingness to Pay for Hosting Formula One

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.