Khraiche, Maroula; Alakshendra, Abhinav - In: Managerial Finance 47 (2020) 6, pp. 845-855
Purpose: In the last 50 years, every Olympics has experienced a major cost overrun. This paper explores the reasons for this cost underestimation and looks into the occurrence of the winner's curse. We also forecast the spending pattern of future host cities. Finally, we discuss the role of the...