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How to Win the Olympic Games – The Empirics of Key Success Factors of Olympic Bids

Arne Feddersen, Wolfgang Maennig and Philipp Zimmermann
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Philipp Zimmermann: University of Hamburg

No 705, Working Papers from International Association of Sports Economists, North American Association of Sports Economists

Abstract: This paper examines the probability of the success of city bid campaigns on the basis of the quantified factors of a total of 43 bids for the Summer Olympic Games between 1992 and 2012. By using a model with the distance of the sporting venues to the Olympic Village, the local temperatures and unemployment rates, we can correctly predict the decision in 97 % of failed bids and in 60 % of successful bids.

Keywords: Olympic Games; Bidding process; Key success factors; Binary logistical regression (search for similar items in EconPapers)
JEL-codes: C25 L83 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2007-04
New Economics Papers: this item is included in nep-spo
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Citations: View citations in EconPapers (5)

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