Willingness to Pay and Accept for Hosting Olympic Games in Germany

Discussion Paper of the Institute for Organisational Economics 11/2016

19 Pages Posted: 9 Mar 2017 Last revised: 21 Apr 2021

See all articles by Linn‐Brit Bakkenbüll

Linn‐Brit Bakkenbüll

University of Muenster - Institute for Organisational Economics

Alexander Dilger

University of Münster

Multiple version iconThere are 2 versions of this paper

Date Written: November 1, 2016

Abstract

This empirical study investigates whether and how much individuals are willing to pay for hosting Olympic Games in Germany. Moreover, it is examined for the first time what individuals are willing to accept to host Olympic Games in their own country if they do not like that. Furthermore, this study identifies determinants that influence the willingness to pay (WTP) including the willingness to accept (WTA) for hosting Olympic Games in Germany. WTP minus WTA is positively driven by the felt national importance of the German Olympic team doing well. Socio-economic factors such as gender, age and income influence this measure in significant ways, too. The extrapolation of the individual WTP and WTA shows that, in the net aggregate, the German population is willing to pay €3.57 billion for hosting the Olympic Games in Germany.

Keywords: Germany, Olympic Games, willingness to accept, willingness to pay

JEL Classification: D12, D61, D62, H41, H43, L83, Z20, Z38

Suggested Citation

Bakkenbüll, Linn‐Brit and Dilger, Alexander, Willingness to Pay and Accept for Hosting Olympic Games in Germany (November 1, 2016). Discussion Paper of the Institute for Organisational Economics 11/2016, Available at SSRN: https://ssrn.com/abstract=2930060 or http://dx.doi.org/10.2139/ssrn.2930060

Linn‐Brit Bakkenbüll

University of Muenster - Institute for Organisational Economics ( email )

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Alexander Dilger (Contact Author)

University of Münster ( email )

Institute for Organisational Economics
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