Market Power

Musings by an academic economist on the power of markets and the power over markets.

Wednesday, January 26, 2005

Hockey Substitutes and Complements

I posted this over at the Sports Economist, but some of my students may find it interesting as well. I posted earlier about what hockey players and hockey teams are doing to while away the time away from NHL games. What are hockey fans doing? As we'd expect, subsitute forms of entertainment have seen a boost while complementary forms of entertainment are feeling a bit of a pinch. On the subsitute side, minor league hockey attendance is doing well. So is college hockey, especially in NHL cities where current college hockey teams, historically, that typically have attendance below capacity. On the complementary side, some sports bars in Toronto, Ontario aren't doing so well.