Olympic proportions: Cost and cost overrun at the Olympics 1960-2012 by Bent Flyvbjerg and Allison Stewart published by Saïd Business School-University of Oxford (6/2012). “In this study, we ser out to investigate cost overruns in the Olympic Games. To do so, we examined the costs of the Games over half a century, including both summer and winter Olympics. We looked at the evolution of final reported costs and compared these to the costs established in the Games bids, submitted to the International Olympic Committee (IOC) up to seven years before the Games occurred…”
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