How to Win the Olympic Games - The Empirics of Key Success Factors of Olympic Bids
This paper examines the probability of the success of city bid campaigns on the basis of quantified determinants for a total of 48 bids for the Summer Olympic Games between 1992 and 2012. Using a model comprising the distance of sporting venues from the Olympic Village, local temperatures and unemployment rates, we can correctly predict the decision for 100% of failed bids and 50% of successful bids.
|Date of creation:||2007|
|Publication status:||Published in Hamburg Contemporary Economic Discussions, Issue 02, 2007|
|Contact details of provider:|| Postal: Von-Melle-Park 5 D-20146 Hamburg|
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- Robert Baade & Victor Matheson, 2000. "Bidding for the Olympics: Fools Gold?," IASE Conference Papers 0007, International Association of Sports Economists.
- Arne Feddersen & Wolfgang Maennig, 2005. "Trends in Competitive Balance: Is there Evidence for Growing Imbalance in Professional Sport Leagues?," Working Papers 0012005, Chair for Economic Policy, University of Hamburg.
- Wolfgang Maennig, 2002. "On the Economics of Doping and Corruption in International Sports," Journal of Sports Economics, The North American Association of Sports Economists, vol. 3(1), pages 61-89, February.
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