The winner's curse: why is the cost of sports mega-events so often underestimated?
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References listed on IDEAS
- Giliberto, S Michael & Varaiya, Nikhil P, 1989. " The Winner's Curse and Bidder Competition in Acquisitions: Evidence from Failed Bank Auctions," Journal of Finance, American Finance Association, vol. 44(1), pages 59-75, March.
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Why are Olympic Games always more expensive than planned?
by Economic Logician in Economic Logic on 2012-07-05 18:36:00
by himaginary in himaginaryの日記 on 2012-07-25 12:00:00
More about this item
Keywordsmega sporting events; Olympics; cost underestimation; asymmetric information; winner's curse; bids; auctions;
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2012-06-13 (All new papers)
- NEP-CTA-2012-06-13 (Contract Theory & Applications)
- NEP-PPM-2012-06-13 (Project, Program & Portfolio Management)
- NEP-SPO-2012-06-13 (Sports & Economics)
- NEP-TUR-2012-06-13 (Tourism Economics)
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