Answers are grounded in this paper and cite their sources.
This study presents some results for household demand for sports in Norway. The results provide a firm basis for concluding that the demand for sports is income elastic. However, because both sports events and own sports activities are time-consuming, they may be subject to Linder’s disease, which is due to a shadow value of leisure increasing with income. This implies a negative bias in the income elasticity as estimated by us. The calculations suggest that the bias has become bigger in the period analyzed, that is, Linder’s disease has become more serious for sports over time.
No takes yet. Share an insight, caveat, or question.
Løyland et al. (2009) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: