Final answer:
Giving away bobbleheads to attract more attendees to a sports event may work depending on community value, but economic implications of such promotions must be weighed, considering the potentially lower economic multiplier for sports.
Step-by-step explanation:
Whether giving away bobbleheads instead of having fireworks at a professional sports event will attract more attendees is not a question that can be definitively answered without further context. According to Siegfried and Zimbalist's argument, individuals have a limited budget for entertainment.
Hence, the allure of free bobbleheads may indeed bring in additional crowds if those items are valued within the community. On the other hand, if the assumption about fixed entertainment budgets is true, then spending on one form of entertainment, such as attending a sporting event for a free bobblehead, means forgoing another, perhaps such as watching fireworks.
Furthermore, the economic impact of sports and promotional items needs to be weighed carefully. If the economic multiplier for sports is lower than for other local entertainment options, then reallocating spending to professional sports, whether through bobbleheads or other means,
might not be the most beneficial strategy for the local economy. This consideration supports the idea that the impact of promotional items such as bobbleheads on attendance and economic impact is complex and multifaceted.