New Research from Center for Economic Education Investigates Whether Cities' Entertainment Offerings are Amenities or Disamenities
New research out of the Turner College's Center for Economic Education examines whether compensating wages and price differentials exist across cities in the U.S. The study, authored by Bishwa Koirala of the University of North Carolina at Pembroke, Hem Basnet of Methodist University, Kamal Upadhyaya of the University of New Haven, and Frank Mixon , Director of the Center for Economic Education at CSU, calculates the net implicit monetary values of the cost of living in cities with a higher cost of entertainment offerings. These net implicit monetary values reflect an individual’s willingness to pay for, or willingness to accept, life in cities with a higher cost of entertainment offerings. Viewed in this way, a city’s entertainment offerings are not clearly an amenity or disamenity. On the one hand, the higher costs of entertainment offerings might reflect higher quality offerings. On the other hand, higher costs of entertainment offerings may be a disamenity perhaps because t...