Detroit Tigers 2008 Net Economic Impact from Attendance

Detroit Tigers 2008 Net Economic Impact from Attendance

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Likely Economic Impact to Ireland from the 2006 Ryder Cup

Watkins, O’Neill

Analysis of the 2006 Ryder Cup’s likely economic impact on the country of Ireland, prepared jointly by Anderson Economic Group of East Lansing, Michigan, and Anarach Consulting, or Dublin, Ireland.

The Likely Economic Impact of a Chicago 2016 Summer Olympics

Anderson Economic Group, LLC, is an economic consulting firm with offices in Chicago, Illinois; East Lansing, Michigan; and Los Angeles, California. We have prepared this independent analysis of the likely economic impact of the proposed 2016 Summer Olympics in Chicago, and are making it publicly available before the IOC announcement date of October 2, 2009.

We are preparing this study to provide other Chicago-area businesses, as well as taxpayers and policymakers, a realistic assessment of the actual costs and benefits of hosting the games. Our analysis of past major events, and our past evaluations of the value of sports-related and other businesses, gives us a unique position to carefully examine this question.

Boosters of large sporting events and stadium construction have sometimes claimed economic benefits that later proved far too good to be true. However, our analyses of both sports franchises, and cities in which sporting teams oper-ate, show that some events can provide economic benefits that far exceed the costs. Given the scale of the Olympics, and the exposure it would give to Chi-cago on a world stage, it is certainly worth carefully considering the costs, risks, and benefits.

We have used a rigorous methodology to estimate the likelly economic impact of events like the 2016 Summer Olympics.

An Auto Dealer's Guide to Arbitration

This guide is for dealers that are considering participating in the arbitration process established by H.R. 3288, which was signed in to law by President Obama on December 16, 2009. It reviews the timeline and arbitration process, and the criteria that will be considered by the arbitrator. It concludes with some practical steps dealers should take as they consider whether to participate in the arbitration process.

Countries, Tastes, and the Value of Beer Franchises in the United States

Patrick L. Anderson and Ilhan K. Geckil

A review of valuation methods in the alcoholic beverage industry.

The Value of Private Businesses in the United States

The vast majority of businesses in the United States are privately held, and approximately 99 percent meet a common government definition of “small.” However, we know surprisingly little about the market values of these organizations. In this paper, we estimate the market value of privately held firms in the United States from sources on earnings, assets, and reported market value of multiple forms of business entities, including corporations, partnerships, LLCs, and sole proprietorships. We discuss various theoretical and practical methods of valuing assets, including those arising from economics, neoclassical finance, portfolio theory, and tradition. Concluding that most of them are not appropriate for valuing private firms, we use insights from dynamic programming and ratio analyses from traditional technique to produce a new estimate based on reported taxable earnings, net worth, and tax filing status. Using this approach, we estimate that privately held U.S. firms had earnings that exceeded those of publicly held firms in two recent years by a significant margin. Moreover, the market value of these firms exceeded that of publicly traded firms. We also conclude that policymakers, perhaps grossly, underestimate the true scale of “small” and privately held firms in the economy.

 

Information on Business Economics as well as this article can be found on NABE’s website (Vol. 44 No. 2). Or you can contact us if you are interested in viewing an author copy.

Pocketbook Predictions of Presidential Elections, 2008: Pocketbook variables are almost always good indicators of electoral outcomes

Patrick L. Anderson and Ilhan K. Geckil

A predictive model of voter behavior based on economic conditions.

2007 State Business Tax Burden Rankings

To understand the burden taxes place on businesses in each state, it is important to look beyond the amount of tax revenue governments collect and instead analyze how taxes paid by businesses compare to income available to pay the tax. The best measure of tax burden is taxes paid as share of profits, as this measure directly compares taxes paid to business income available to pay the tax.

Tax Burden and Distribution of “Stimulus” Payments

Tax Burden and Stimulus Payments

Economic Impact of Chicago Cubs 2007 Playoff Attendance

An estimate of the economic impact stemming from attendance at 2007 Cubs’ playoff baseball games.