The Right To Host The Olympic Games Should Be Auctioned To The Highest Bidder

M Stewart and C-L Wu

Working Papers from Melbourne - Centre in Finance

Abstract: Approximately once every two years the ninety odd members of the Inetrnational Olumpic Committee (IOC) meet to choose which city will host either the Summer or Winter Olympic Games. The current method of choosing a city to host the Olumpic Games is extremely wasteful. If the Games were awarded to the highest bidder in an auction these funds could be used in a far more useful way.

Keywords: AUCTIONS (search for similar items in EconPapers)
JEL-codes: D44 (search for similar items in EconPapers)
Pages: 6 pages
Date: 1997
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:melrfi:97-1

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