Open Access. Powered by Scholars. Published by Universities.®

Business

College of the Holy Cross

Olympics

Publication Year

Articles 1 - 2 of 2

Full-Text Articles in Urban Studies

Is There An Economic Case For The Olympic Games?, Chris Dempsey, Victor Matheson Jul 2019

Is There An Economic Case For The Olympic Games?, Chris Dempsey, Victor Matheson

Economics Department Working Papers

The Olympic Games are a major undertaking that promise both large costs and potentially large benefits to host cities. This paper lays out the potential economic benefits of hosting the Olympics and details how, in the vast majority of cases, these gains are unlikely to cover the costs of hosting the event. The ideas are then applied to the experience of Boston in its ultimately unsuccessful bid for the 2024 Summer Olympics.


The Rise And Fall (And Rise And Fall) Of The Olympic Games As An Economic Driver, Victor Matheson Dec 2018

The Rise And Fall (And Rise And Fall) Of The Olympic Games As An Economic Driver, Victor Matheson

Economics Department Working Papers

This paper traces the economic history of major sporting events focusing on the Olympics. Historically, the Olympic Games as well as other major sporting events have been considered costly events that place a burden on host cities. Only in relatively recent years, coinciding with the massive increases in the cost of hosting these events, have event organizers begun to claim that these events bring with them large economic benefits.