Bread or Games? A Social Cost–Benefit Analysis of the World Cup Bid of the Netherlands and the Winning Russian Bid

Many countries compete fiercely for the right to host mega-events like the World Cup. Proponents of hosting mega-events claim that yields economic gains. Many available studies focus on partial effects of hosting or concern ex post analyses. The authors utilize the existing literature to perform a d...

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Bibliographic Details
Published inJournal of sports economics Vol. 14; no. 5; pp. 521 - 545
Main Authors Nooij, Michiel de, Berg, Marcel van den, Koopmans, Carl
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.10.2013
SAGE PUBLICATIONS, INC
Subjects
Cost benefit analysis
Host country
Professional sports
Social costs
Studies
Tournaments & championships
cost–benefit analysis
sports economics
mega-event
FIFA World Cup
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Summary:Many countries compete fiercely for the right to host mega-events like the World Cup. Proponents of hosting mega-events claim that yields economic gains. Many available studies focus on partial effects of hosting or concern ex post analyses. The authors utilize the existing literature to perform a detailed cost–benefit analysis (CBA) of the Netherlands bidding jointly with Belgium for the 2018 World Cup. The authors show that national pride and pleasure come at a price and financial gains are unlikely. Based on this CBA, the authors predict that the costs of the 2018 World Cup in Russia will also exceed the financial benefits.
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ISSN:1527-0025
1552-7794
DOI:10.1177/1527002511429825