The Economics of Mega-Events: Checkpoint 1

Quick checkpoint - five questions on mega-events, the winner's curse, budget overruns, white elephants and Delhi 2010.

Quick checkpoint - five questions on mega-events, the winner’s curse, budget overruns, white elephants and Delhi 2010.

Question 1 of 5 What does most evidence say about mega-event benefits?

They're usually smaller than promised They're always larger than promised There are no costs They always pay for themselves

Costs often exceed benefits.

Question 2 of 5 What is the winner's curse?

The winning bidder tends to overpay The winner never pays Winners get free events Losers pay the costs

The most optimistic bidder wins.

Question 3 of 5 What did research find about Olympic budgets since 1960?

Every measured Games ran over budget They were always under budget They were exactly on budget No data exists

Average overruns exceeded 150 percent.

Question 4 of 5 What is a white elephant stadium?

A venue costing more to maintain than it's worth A popular stadium A painted stadium A temporary tent

Many post-event venues sit unused.

Question 5 of 5 What was a positive legacy of Delhi's 2010 Commonwealth Games?

Accelerated metro and road projects No corruption Lower costs than planned Many Olympic medals

Despite scandals, infrastructure was sped up.

We believe knowledge should be open to everyone, not limited by barriers.

Welcome to EconReads

This site is made for visually impaired learners, so our read-aloud reader is already switched on to help you explore hands-free.

You're in control - turn it off any time using the Reader button at the top of the page.

यह साइट दृष्टिबाधित शिक्षार्थियों के लिए बनाई गई है, इसलिए हमारा ज़ोर से पढ़ने वाला रीडर आपको बिना हाथ लगाए घूमने में मदद के लिए पहले से चालू है।

नियंत्रण आपके हाथ में है - पेज के ऊपर मौजूद रीडर बटन से इसे कभी भी बंद करें।

Don't show this message again

EconReader Reading speed Ready