Feddersen, Arne Maennig, Wolfgang Zimmermann, Philipp
Year of Publication:
Hamburg contemporary economic discussions 2
This paper examines the probability of the success of city bid campaigns on the basis of quantified determinants for a total of 48 bids for the Summer Olympic Games between 1992 and 2012. Using a model comprising the distance of sporting venues from the Olympic Village, local temperatures and unemployment rates, we can correctly predict the decision for 100% of failed bids and 50% of successful bids.
Olympic Games Bidding process Key success factors Binary logistical regression