The net benefit of the Olympic Games is therefore also substantially negative when the estimates of Olympic benefits from this paper are combined with published estimates for event costs.In other words, the U.S. should be happy that President Obama failed to secure the 2016 summer games for Chicago.
Sunday, February 14, 2010
A Cost-Benefit Analysis of the Vancouver Olympics
From Darren McHugh, in the Queens University Department of Economics. His bottom line: