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The empirics of key factors in the success of bids for olympic games

Author

Listed:
  • Arne Feddersen
  • Wolfgang Maennig
  • Philipp Zimmermann

Abstract

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.

Suggested Citation

  • Arne Feddersen & Wolfgang Maennig & Philipp Zimmermann, 2008. "The empirics of key factors in the success of bids for olympic games," Revue d'économie politique, Dalloz, vol. 118(2), pages 171-187.
    • Handle: RePEc:cai:repdal:redp_182_0171
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    Citations

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    Cited by:

    1. Elmer Sterken, 2012. "Economic Impact of Organizing Large Sporting Events," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 20, Edward Elgar Publishing.
    2. Wladimir Andreff, 2012. "The winner's curse: why is the cost of sports mega-events so often underestimated?," Post-Print halshs-00703466, HAL.
    3. Wolfgang Maennig & Christopher Vierhaus, 2015. "Who Wins Olympic Bids?," Working Papers 050, Chair for Economic Policy, University of Hamburg.
    4. Dagaev, D., 2018. "Decision-Making in International Sports Organizations - a Survey," Journal of the New Economic Association, New Economic Association, vol. 40(4), pages 167-174.
    5. Arne Feddersen & Wolfgang Maennig, 2012. "Determinants of Successful Bidding for Mega Events: The Case of the Olympic Winter Games," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 5, Edward Elgar Publishing.
    6. Wladimir Andreff, 2012. "The winner's curse: why is the cost of sports mega-events so often underestimated?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00703466, HAL.
    7. Eva Kassens-Noor & John Lauermann, 2018. "Mechanisms of policy failure: Boston’s 2024 Olympic bid," Urban Studies, Urban Studies Journal Limited, vol. 55(15), pages 3369-3384, November.
    8. Brad R. Humphreys & Henry van Egteren, 2012. "Mega Sporting Event Bidding, Mechanism Design and Rent Extraction," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 3, Edward Elgar Publishing.
    9. Wladimir Andreff, 2012. "The Winner’s Curse: Why is the Cost of Mega Sporting Events so Often Underestimated?," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 4, Edward Elgar Publishing.

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