The bidding paradox: why economists, consultants and politicians disagree on the economic effects of mega sports events but might agree on their attractiveness
AbstractThe ambition to host mega sports events is (or can be) perfectly justifiable with various arguments. The most persistently used argument is the supposed financial or direct economic gain for the host economy, of which the compelling body of evidence is discouraging. This implies that the justification for hosting should come from a different, broader economic angle. This paper provides a critical discussion of the myriad of economic and frequently intangible effects that could be put forward in the public debate preceding the submission of a bid. Paradoxically, most of these effects are not, or infrequently employed in public debates.
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Bibliographic InfoPaper provided by Utrecht School of Economics in its series Working Papers with number 13-09.
Length: 22 pages
Date of creation: Aug 2013
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Find related papers by JEL classification:
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-06 (All new papers)
- NEP-PPM-2013-09-06 (Project, Program & Portfolio Management)
- NEP-SPO-2013-09-06 (Sports & Economics)
- NEP-TUR-2013-09-06 (Tourism Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- What are the arguments for hosting sports mega-events?
by Economic Logician in Economic Logic on 2013-10-10 14:46:00
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