Towards More Fairness: Forbid IOC Vote Trading

Frank Daumann, Alfred Wassermann and Anne C. Wunderlich

Applied Economics Quarterly (formerly: Konjunkturpolitik), 2013, vol. 59, issue 4, 295-309

Abstract: Vote trading within the International Olympic Committee (IOC) is important given that several past decisions on who will host the Olympic Games were accompanied by allegations of corruption scandals. Therefore, this paper will discuss the possibility of vote trading within the IOC, which would be one of the most practicable ways to reform the IOC. First, we analyze if a market for votes would be established with the introduction of vote trading. Second, we examine whether the outcome of the decision-making process of the IOC members would change. If our assumptions are fulfilled we can conclude that a market for votes will be established. This condition tends to result in a traditional host city of the Olympic Games.

Keywords: IOC; decision making; vote trading (search for similar items in EconPapers)
Date: 2013
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