Private Financing and Sports Franchise Values: The Case of Major League Baseball

This paper examines the impact of receiving a new stadium on team franchise values. I argue that a new stadium will increase the franchise values of teams regardless of how construction was financed. A team playing in a stadium that it owns will be able to capitalize the value of the stadium in the team’s franchise value and will thus have a higher franchise value. Using panel data for Major League Baseball teams from 1990-2002, I find that, after controlling for team quality and metro area differences, regardless of the financing mechanism, a team playing in a brand new stadium realizes an increase in its franchise value. I also find that a team playing in its own stadium has a higher franchise value than a team playing in a public stadium. However, the difference in franchise values between playing in a team-owned stadium and playing in a public stadium does not offset the average cost of constructing the stadium. The paper thus provides a deeper understanding the determinants of franchise values and of the motives of sports team owners in their lobbying efforts for public subsidies.Stadiums, Baseball

Locally induced quantum interference in scanning gate experiments

We present conductance measurements of a ballistic circular stadium influenced by a scanning gate. When the tip depletes the electron gas below, we observe very pronounced and regular fringes covering the entire stadium. The fringes correspond to transmitted modes in constrictions formed between the tip-induced potential and the boundaries of the stadium. Moving the tip and counting the fringes gives us exquisite control over the transmission of these constrictions. We use this control to form a quantum ring with a specific number of modes in each arm showing the Aharonov-Bohm effect in low-field magnetoconductance measurements.Comment: 10 pages, 4 figure

Form or Function? The Impact of New Football Stadia on Property Prices in London

This paper focuses on the channels through which stadium externalities capitalize into property prices. We investigate two of the largest stadium investment projects of the recent decade – the This paper focuses on the channels through which stadium externalities capitalize into property prices. We investigate two of the largest stadium investment projects of the recent decade – the New Wembley and the Emirates stadium in London, UK. Evidence suggests positive stadium externalities, which are large compared to construction costs. Notable anticipation effects are found immediately following the announcement of the final stadium plans. Our results emphasize the role stadium architecture plays in promoting positive spillovers to the neighbourhood. We therefore recommend public funding of large-scale sports facilities to be made conditional on a comprehensive urban design strategy that maximizes the external benefits.Property prices Stadium impact

Directional emission of stadium-shaped micro-lasers

The far-field emission of two dimensional (2D) stadium-shaped dielectric cavities is investigated. Micro-lasers with such shape present a highly directional emission. We provide experimental evidence of the dependance of the emission directionality on the shape of the stadium, in good agreement with ray numerical simulations. We develop a simple geometrical optics model which permits to explain analytically main observed features. Wave numerical calculations confirm the results.Comment: 4 pages, 8 figure

Resonance Patterns in a Stadium-shaped Microcavity

We investigate resonance patterns in a stadium-shaped microcavity around $n_ck R \simeq 10$, where $n_c$ is the refractive index, $k$ the vacuum wavenumber, and $R$ the radius of the circular part of the cavity. We find that the patterns of high $Q$ resonances can be classified, even though the classical dynamics of the stadium system is chaotic. The patterns of the high $Q$ resonances are consistent with the ray dynamical consideration, and appears as the stationary lasing modes with low pumping rate in the nonlinear dynamical model. All resonance patterns are presented in a finite range of $kR$.Comment: 8 pages, 9 figure

Characterization of stadium-like domains via boundary value problems for the infinity Laplacian

We give a complete characterization, as "stadium-like domains", of convex subsets $\Omega$ of $\mathbb{R}^n$ where a solution exists to Serrin-type overdetermined boundary value problems in which the operator is either the infinity Laplacian or its normalized version. In case of the not-normalized operator, our results extend those obtained in a previous work, where the problem was solved under some geometrical restrictions on $\Omega$. In case of the normalized operator, we also show that stadium-like domains are precisely the unique convex sets in $\mathbb{R}^n$ where the solution to a Dirichlet problem is of class $C^{1,1} (\Omega)$.Comment: 21 page