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Book Chapter

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Inquiry on minor sports has been overlooked in the economic literature despite a long history suggesting that minor events are likely more beneficial than major sports (e.g. Coates, 2012; Daniels & Norman, 2003; Marsh, 1984; Matheson, 2006; Walo, Bull, & Breen, 1996; Taks, 2013). In part due to both increased data availability and a shift towards cost-benefit analysis approaches, recent efforts to develop theory specific to minor events (e.g. Agha & Rascher, 2016; Agha & Taks, 2015) and to conduct studies on minor events (Taks et al., 2011) and teams (Agha, 2013) using more robust approaches occur in the literature. Thus, we focus for the remainder of the chapter on the more recent theoretical and empirical contributions that take either the CBA or the ex post approach for both minor sport events and minor teams. We start by defining minor sport events and teams followed by an explanation of the different approaches to measuring impact. We then present theoretical models and provide empirical examples of economic impact of minor sport events and leagues. We end the chapter with recommendations for future research.