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Sports team performance and revenue of out-of-stadium vending operations

ABSTRACT Using a novel data set on daily sales revenue, we examine how the Baltimore Orioles’ performance affects a street vendor operating outside Oriole Park at Camden Yards. While fans respond positively to good team performance throughout the season, a win for the home team generally means lower revenue for the vendors outside the stadium. We find that economic benefits accruing to street vendors – and by extension to nearby hotels, restaurants, and bars – may only be maximized when the sports teams are bad, but not that bad.