The Bidding Paradox: How Economists and Politicians Might Agree on the Attractiveness of Mega Sports Events

Tjalling C. Koopmans Research Institute Discussion Paper Series nr: 13-08

32 Pages Posted: 29 Aug 2013 Last revised: 20 Apr 2018

See all articles by Marcel van den Berg

Marcel van den Berg

Statistics Netherlands

Michiel de Nooij

Michiel de Nooij Economic Research and Advice

Date Written: August 22, 2013

Abstract

The ambition to host mega sports events is (or can be) perfectly justifiable with various arguments. The most persistently used argument is the supposed financial or direct economic gain for the host economy, of which the compelling body of evidence is discouraging. This implies that the justification for hosting should come from a different, broader economic angle. This paper provides a critical discussion of the myriad of economic and frequently intangible effects that could be put forward in the public debate preceding the submission of a bid. Paradoxically, most of these effects are not, or infrequently employed in public debates.

Keywords: bidding, mega sport events, Olympic games, economics, fun and pride

JEL Classification: D61, D72, H54, L83

Suggested Citation

van den Berg, Marcel and de Nooij, Michiel, The Bidding Paradox: How Economists and Politicians Might Agree on the Attractiveness of Mega Sports Events (August 22, 2013). Tjalling C. Koopmans Research Institute Discussion Paper Series nr: 13-08. Available at SSRN: https://ssrn.com/abstract=2316763 or http://dx.doi.org/10.2139/ssrn.2316763

Marcel Van den Berg

Statistics Netherlands ( email )

CBS-weg 11
Heerlen, Limburg 6412 EX
Netherlands

Michiel De Nooij (Contact Author)

Michiel de Nooij Economic Research and Advice ( email )

Amsterdam
Netherlands

HOME PAGE: http://www.michieldenooij.nl

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