In many large U.S. cities, monopoly owners of sports franchises have been lobbying local governments for new publicly financed sports stadiums.

In many large U.S. cities, monopoly owners of sports franchises have been lobbying local governments for new publicly financed sports stadiums.

In many large U.S. cities, monopoly owners of sports franchises have been lobbying local governments for new publicly financed sports stadiums. Is this a form of rent seeking?

Go to Heartland Institute’s Web site (Links to an external site.)Links to an external site., conduct a search for sports stadiums, and look at one of the documents collected there.

– Is there convincing evidence of rent seeking?

– If so, how does that relate to the welfare cost of monopoly?