Publication: Pourquoi le cout des jeux olympiques est-il toujours sous-estime? la «malediction du vainqueur de l’enchere» (winner’s curse)
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2012
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Instituto Complutense de Estudios Internacionales (ICEI)
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Abstract
La mise aux enchères de l'oganisation des J.O. par le CIO amène les villes candidates à une surenchère en sous-estimant leurs coûts d'organisation et d'infrastructures. Pour la ville qui obtient les Jeux, cette sous-estimation se traduit par une hausse du coût réel jusqu'à un multiple du coût initialement annoncé.
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Special issue: The economics of mega-sporting events
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