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Mega Sport Events

Author

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  • Michiel de Nooij

Abstract

The debates on whether to bid for organizing a mega sports event like the World Cup Soccer or the Olympic Games ignore either the bidding costs or the probability not to win the bid or both. In this short article, I discuss why the bidding costs and probabilities should be taken into account and I show for the Netherlands, which is currently discussing bidding for the Olympic Games of 2028, that the Net Present Value of organizing should be €557 million to €2.8 billion positive to compensate for the bidding costs and the probability of an unsuccessful bid.

Suggested Citation

  • Michiel de Nooij, 2014. "Mega Sport Events," Journal of Sports Economics, , vol. 15(4), pages 410-419, August.
    • Handle: RePEc:sae:jospec:v:15:y:2014:i:4:p:410-419
    DOI: 10.1177/1527002512461798
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    References listed on IDEAS

    as
    1. Michiel de Nooij & Marcel van den Berg & Carl Koopmans, 2013. "Bread or Games?," Journal of Sports Economics, , vol. 14(5), pages 521-545, October.
    2. Michiel de Nooij & Marcel van den Berg & Henri L.F. de Groot, 2018. "Social cost benefit analysis of trade missions," Chapters, in: Research Handbook on Economic Diplomacy, chapter 14, pages 220-238, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Jérôme Massiani, 2020. "Towards Improved Guidelines for Cost–Benefit Analysis of Sport and Cultural Events," Economic Papers, The Economic Society of Australia, vol. 39(3), pages 270-289, September.

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