Eindelijk heb ik een versie klaar die goed genoeg is (hoop ik) om te verspreiden!
Ik ben benieuwd naar de reacties.
Abstract: Taks et al. (2011) argued that an Economic Impact Analysis does not analyze welfare implications of an event and that a Cost Benefit Analysis should be made for realistic welfare calculations. They illustrate this for a specific event in Windsor, Canada. This main point of them is supported by the current paper. In addition, this paper looks at ways to improve their CBA substantially. The investment costs for a venue build for the event should be included and predicting the value of future use is important while the cost of interest paid should not be included.
In the probable estimate the negative CBA outcome is three times as large as calculated by Taks et al. Given that not all effects were precisely estimated for this CBA, I discuss conditions under which the private decision to invest in the new venue were an economically sound decision.
Finally, the calculations show that an event without new investments is likely to be socially attractive, while the social attractiveness of an event requiring new investments crucially depends on the size of the future benefits compared to the investment costs.