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

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: L83 C25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-spo
Date: 2007-04
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Working Paper: How to Win the Olympic Games - The Empirics of Key Success Factors of Olympic Bids (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:spe:wpaper:0705

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