Economic Incentives of the Olympic Games

20 Pages Posted: 13 Sep 2004  

Alexander Matros

Moore School of Business

Soiliou Daw Namoro

University of Pittsburgh - Department of Economics

Date Written: September 9, 2004

Abstract

We provide a game-theoretic analysis of countries strategic allocations of resources among different sports and athletes performance at the Olympic Games. Individuals face opportunity costs of spending efforts and countries maximize their expected number of medals. We suggest several proxy variables for country-specific costs and test the predictions of the model using the summer Olympic Games data for 1960-2004.

Keywords: Tournaments, Olympic Games, Strategic Budget Allocation

JEL Classification: C79, C53

Suggested Citation

Matros, Alexander and Namoro, Soiliou Daw, Economic Incentives of the Olympic Games (September 9, 2004). Available at SSRN: https://ssrn.com/abstract=588882 or http://dx.doi.org/10.2139/ssrn.588882

Alexander Matros

Moore School of Business ( email )

The Francis M. Hipp Building
1705 College Street
Columbia, SC 29208
United States

Soiliou Daw Namoro (Contact Author)

University of Pittsburgh - Department of Economics ( email )

4901 Wesley Posvar Hall
230 South Bouquet Street
Pittsburgh, PA 15260
United States

Paper statistics

Downloads
423
Rank
54,793
Abstract Views
2,536