An Olympic Level Playing Field? The Contest for Olympic Success as a Public Good
AbstractThis article considers the performance of countries at the Olympic Games as a public good. Firstly, it is argued that, at the national level, Olympic success meets the two key conditions of a public good: non-rivalry and non-excludability. Secondly, it is demonstrated that standard income inequality measures, such as the Lorenz curve and the Gini index, can successfully be applied to the distribution of Olympic success. The actual distribution of Olympic success is compared with alternative hypothetical distributions, among which the noncooperating Nash-Cournot distribution, the distribution according to population shares and the one favoured by a social planner. By way of conclusion, it is argued, based on the Olympic Charter, that instruments to make the distribution of Olympic success more equitable are warranted to realize the true Olympic spirit as symbolized by the Olympic rings and the Parade of athletes.
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Bibliographic InfoArticle provided by Economics and Econometrics Research Institute (EERI), Brussels in its journal Journal of Economics and Econometrics.
Volume (Year): 55 (2012)
Issue (Month): 2 ()
Olympic Games; public goods; rent-seeking; externalities; Nash noncooperative games.;
Find related papers by JEL classification:
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
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