Economic impact studies are typically used to justify large sporting events. However, those studies typically apply a set of overly positive assumptions, leading to large overestimates of economic impact. Andrew Zimbalist even wrote a book about this problem, Circus Maximus (which I reviewed here).Now, it is rare for the authors of an economic impact study to go…
The economic impact of the 2000 Sydney Olympics
The economic impact of the 2000 Sydney Olympics
13 Feb 2025 Leave a comment
in applied price theory, sports economics Tags: Olympic Games
Olympic Records in Cost Overruns
05 Aug 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, industrial organisation, Public Choice, public economics, sports economics, theory of the firm, urban economics Tags: Olympic Games
When a city bids to host the Olympic Games, part of the bid is a commitment that the city or the national government will cover any cost overruns–and experience suggests the cost overruns will be large. Alexander Budzier and Bent Flyvbjerg discuss the patterns in “The Oxford Olympics Study 2024: Are Cost and Cost Overrun…
Olympic Records in Cost Overruns
Transgender or Intersex? Confusion Reigns Over the Gender Status of Two Olympic Boxers
04 Aug 2024 Leave a comment
in discrimination, gender, law and economics, politics - USA, sports economics Tags: free speech, gender gap, Olympic Games, political correctness, regressive left, sex discrimination
On Saturday, the International Olympic Committee (IOC) issued a surprising correction after claiming for a week that Algerian boxer Imane Khelif and Taiwan’s Lin Yu-Ting were actually born women and have Differences in Sexual Development (DSD), a range of rare conditions in which a person’s genitalia do not necessarily match with their chromosomes or hormone…
Transgender or Intersex? Confusion Reigns Over the Gender Status of Two Olympic Boxers
‘Trust science’, Paris mayor boasts as city declares ‘there will be no air conditioning in Olympic athletes’ rooms ‘to cut the carbon footprint’ of summer Olympics
20 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, sports economics Tags: France, Olympic Games
There will be no air conditioning in the athletes’ rooms at Paris 2024, which has pledged to host the “greenest ever” Games. … Paris mayor Anne Hidalgo told those nations planning on installing air conditioning at the athletes’ village to “trust the science” instead..
‘Trust science’, Paris mayor boasts as city declares ‘there will be no air conditioning in Olympic athletes’ rooms ‘to cut the carbon footprint’ of summer Olympics
More for light rail enthusiasts @PhilTwyford @JulieAnneGenter @TaxpayersUnion
28 Nov 2018 Leave a comment
IOC diva-like demands on Norway for its now scuttled Winter Olympics bid
05 Oct 2014 Leave a comment
in economics of media and culture, politics, Public Choice, rentseeking Tags: Olympic Games, rent seeking
- They demand to meet the king prior to the opening ceremony. Afterwards, there shall be a cocktail reception. Drinks shall be paid for by the Royal Palace or the local organizing committee
- Separate lanes should be created on all roads where IOC members will travel, which are not to be used by regular people or public transportation.
- A welcome greeting from the local Olympic boss and the hotel manager should be presented in IOC members’ rooms, along with fruit and cakes of the season. (Seasonal fruit in Oslo in February is a challenge…)
- The hotel bar at their hotel should extend its hours “extra late” and the minibars must stock Coke products.
- The IOC president shall be welcomed ceremoniously on the runway when he arrives.
- The IOC members should have separate entrances and exits to and from the airport.
- During the opening and closing ceremonies a fully stocked bar shall be available. During competition days, wine and beer will do at the stadium lounge.
- IOC members shall be greeted with a smile when arriving at their hotel.
- Meeting rooms shall be kept at exactly 20 degrees Celsius at all times.
- The hot food offered in the lounges at venues should be replaced at regular intervals, as IOC members might “risk” having to eat several meals at the same lounge during the Olympics.
Utopia, you are standing in it! 
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