Document Type

Working Paper

Date of This Version

7-1-2019

Keywords

Olympics, mega-events, impact analysis, Boston, tourism

JEL Classification

Z28, O18, R53

Abstract

The Olympic Games are a major undertaking that promise both large costs and potentially large benefits to host cities. This paper lays out the potential economic benefits of hosting the Olympics and details how, in the vast majority of cases, these gains are unlikely to cover the costs of hosting the event. The ideas are then applied to the experience of Boston in its ultimately unsuccessful bid for the 2024 Summer Olympics.

Working Paper Number

1902

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