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CHANGING TRADITIONS: EXAMINING THE FACTORS THAT DETERMINE THE PROBABILITY OF BIDDING TO HOST THE OLYMPIC GAMES OVER TIME

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Date Issued:
2018
Abstract/Description:
In September 2017, the International Olympic Committee (IOC) announced that, for the first time in its history, it would award the hosting of two different Olympic Games at the same time, giving the 2024 and 2028 Summer Olympic Games to Paris and Los Angeles respectively. As a result, the question is raised as to why the IOC broke tradition in its host city selection process. The break of tradition is presumably due to a lack of candidates to host the 2028 Summer Olympics. With prior host cities reporting astronomical costs and high debt balances associated with hosting, many cities have retracted their bids or have refused to submit candidature bids altogether. The Olympics are one of the largest, most economically impactful mega-events in modern culture. While hosting does provide a nation with the opportunity to show off its infrastructure and culture before millions of people worldwide, the costs to host the event have steadily risen as the Olympics have become a larger and larger spectacle. This study uses a logistic regression model to determine the relative factors that determine a city's willingness to bid and uses the results to draw conclusions as to why the willingness to host has fluctuated across time. The results show a definite change in the probabilities of a potential city bidding to host the Olympic Games across time and also provide insight into the factors that determine these changes in probabilities. By determining these conclusions, this study hopes to provide insight into ways that hosting the Olympics can become accessible to all prospective host cities so that there is increased competition in the host city selection process.
Title: CHANGING TRADITIONS: EXAMINING THE FACTORS THAT DETERMINE THE PROBABILITY OF BIDDING TO HOST THE OLYMPIC GAMES OVER TIME.
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Name(s): Dickens, Jessie R, Author
Hofler, Richard, Committee Chair
University of Central Florida, Degree Grantor
Type of Resource: text
Date Issued: 2018
Publisher: University of Central Florida
Language(s): English
Abstract/Description: In September 2017, the International Olympic Committee (IOC) announced that, for the first time in its history, it would award the hosting of two different Olympic Games at the same time, giving the 2024 and 2028 Summer Olympic Games to Paris and Los Angeles respectively. As a result, the question is raised as to why the IOC broke tradition in its host city selection process. The break of tradition is presumably due to a lack of candidates to host the 2028 Summer Olympics. With prior host cities reporting astronomical costs and high debt balances associated with hosting, many cities have retracted their bids or have refused to submit candidature bids altogether. The Olympics are one of the largest, most economically impactful mega-events in modern culture. While hosting does provide a nation with the opportunity to show off its infrastructure and culture before millions of people worldwide, the costs to host the event have steadily risen as the Olympics have become a larger and larger spectacle. This study uses a logistic regression model to determine the relative factors that determine a city's willingness to bid and uses the results to draw conclusions as to why the willingness to host has fluctuated across time. The results show a definite change in the probabilities of a potential city bidding to host the Olympic Games across time and also provide insight into the factors that determine these changes in probabilities. By determining these conclusions, this study hopes to provide insight into ways that hosting the Olympics can become accessible to all prospective host cities so that there is increased competition in the host city selection process.
Identifier: CFH2000293 (IID), ucf:45727 (fedora)
Note(s): 2018-05-01
B.S.B.A.
College of Business Administration, Economics
Bachelors
This record was generated from author submitted information.
Subject(s): Olympic
Economic
Bid
Host
Probability
Factors
Persistent Link to This Record: http://purl.flvc.org/ucf/fd/CFH2000293
Restrictions on Access: public
Host Institution: UCF

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