College of the Holy Cross, Department of Economics Faculty Research Series
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.
Olympics, mega-events, impact analysis, Boston, tourism
Dempsey, Chris; Matheson, Victor; and Zimbalist, Andrew, "Is there an Economic Case for the Olympic Games?" (2019). Economics: Faculty Publications, Smith College, Northampton, MA.