Economic Impact of Hosting Major Sporting Events
Posted by admin on Feb 17, 2025 in Romance Languages, Literatures, and Cultures | 0 comments
The Economics of Hosting Major Sporting Events
The hosting of major sporting events such as the Olympic Games has become the subject of intense competition among nations. Governments seem willing to make large financial commitments in order to win the bidding competition, but evidence suggests that the economic impact of this spending is limited. While this outcome is easily understood in terms of rent-seeking behavior, it is suggested that organizations such as the IOC could better serve their constituents
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