Bidding for Sport Mega-Events
Sport mega-events such as the Olympic Games and FIFA World Cup, or on a smaller scale the Commonwealth Games or regional events, attract competing bids from nations or cities. These bids are mostly made at tax-payers? expense and spending is often large and non-transparent. Our paper addresses the question of why large sums of public money are spent in an attempt to secure uncertain rights to host events which, according to ex post studies, often yield few gains. The paper analyses the economics of the bidding process, emphasising public choice aspects of mega-event bidding to identify the interaction of potential beneficiaries and policymakers' interests. We do not directly enter debates about legacies of hosting mega-events, but ask why public money is spent on a bidding process which is even less likely to realize net social benefits. The empirical part of the paper uses past bids from the state of South Australia, a demonstrated bidder for various sports mega (or not so mega-) events with a mixed record of success, as a case study of the economics of bidding.
|Date of creation:||2009|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (618) 8303 5540
Web page: http://www.economics.adelaide.edu.au/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- repec:bla:restud:v:72:y:2005:i:1:p:269-286 is not listed on IDEAS
- John K. Wilson & Richard Pomfret, 2009. "Government Subsidies for Professional Team Sports in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 42(3), pages 264-275.
When requesting a correction, please mention this item's handle: RePEc:adl:wpaper:2009-30. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dmitriy Kvasov)
If references are entirely missing, you can add them using this form.