Graduation Year
2016
Date of Submission
11-2015
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Oana Tocoian
Terms of Use & License Information
Rights Information
© 2015 Zachary E. Mobilian
Abstract
The Olympic Games have become one of the world’s largest and most popular sporting events. With its massive scale, the costs that come with hosting the Games are elevating to unprecedented levels, leaving host cities with massive financial debt. So why do cities continue to bid for the rights to host the Games? In this paper I will attempt to answer this question by providing an overview of the bidding process and the economic impact of the Games and I will argue that the costs of hosting the Olympics are often underestimated while the benefits are greatly overestimated. I will then provide an alternative direction for the Olympic movement.
Recommended Citation
Mobilian, Zachary E., "The Economics of Hosting the Olympic Games: The Miscalculation of Cost-Benefit Analyses and Why Cities Continue to Bid" (2016). CMC Senior Theses. 1264.
https://scholarship.claremont.edu/cmc_theses/1264
