Der Maradona Effekt: Wie viel Wohlfahrt schafft die deutsche Nationalmannschaft?

Authors: Rätzel, Steffen¹; Weimann, Joachim¹

Source: Perspektiven der Wirtschaftspolitik, Volume 7, Number 2, May 2006 , pp. 257-270(14)

Publisher: Blackwell Publishing

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Abstract:

Thomas Moutos, Professor at the University of Athens once mentioned that Maradona had probably done more for the welfare of Argentina than any economic advice had ever achieved. In this paper we measured the social welfare which will be produced by the German National Soccer Team during the World Cup 2006. In particular, we analyse the utility of the TV coverage and the utility resulting from a success of the German team. Both effects can be seen as public goods. We use the Contingent Valuation Method to quantify the Maradona effect of the German Team. The results show significant welfare gains provided the German team will be successful.

Document Type: Research article

DOI: 10.1111/j.1465-6493.2006.00208.x

Affiliations: 1: Otto-von-Guericke-Universität Magdeburg

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