6533b82cfe1ef96bd128e9b8

RESEARCH PRODUCT

Opportunity costs and efficiency of investments in mega sport events

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Economic analyses of mega sport events usually focus on the positive effects and legacies while ignoring opportunity costs and the efficiency of using scarce resources. Event opponents argue that decisions to invest public resources should also consider alternative uses of the money. This paper aims to clarify some of the issues surrounding the opportunity costs of mega sport events. By using the measure ‘efficiency’ (output/input) of alternative investments it will become clear that the decision to stage a mega sport event cannot be taken in isolation and that there are many factors that need to be considered. The argument put forward is based on a stakeholder’s perspective and a spatial differentiation of interest groups. Keywords: opportunity; cost mega sports events; legacy Abstract Los analisis economicos de los grandes eventos deportivos normalmente se centran en los aspectos positivos y el legado aunque ignoran los costes de oportunidad del uso de recursos escasos. Los que se oponen a los eventos a...