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Convexity is a geometric property with a variety of applications in economics. Informally, an economic phenomenon is convex when "intermediates (or combinations) are better than extremes".
Each of these costs and benefits will be addressed in turn, but the overwhelming conclusion is that in most cases the Olympics are a money-losing proposition for host cities; they result in positive net benefits only under very specific and unusual circum-stances.
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(Spring 2016) - In this paper, we explore the costs and benefits of hosting the Olympic Games. On the cost side, there are three major categories: general infrastructure such as transportation and housing to accommodate athletes and fans; specific sports infrastructure required for competition venues; and operational costs, including general ...
The Economic Legacy of Rio 2016. ANDREW ZIMBALIST. It should surprise no one that those responsible for inflicting the 2016 Olympics on Rio de Janeiro have declared the Games a resounding economic success.
At the same time, Brazil faced its worst economic recession since the 1990s, raising questions about whether the country was adequately prepared to host the Olympic Games against a volatile political and economic backdrop.
Mar 15, 2017 · Games-related projects generated thousands of jobs during one of the worst global recessions in more than 80 years, and economists expect continued economic benefits long after the Games. Rio 2016 created 70 new hotels and residences in Rio and invested BRL 5 billion in the tourism industry. The construction of hotels and other infrastructure ...
Rio 2016 assembles the views of leading experts on Brazil and the Olympics into a clear-eyed assessment of the impact of the games on Brazil in general and on the lives of Cariocas, as Rio's residents are known. Edited by sports economist Andrew Zimbalist, the other contributors include Juliana Barbassa, Jules Boykoff, Jamil Chade, Stephen ...
