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The economics of the IOC
... 29 Olympic Solidarity installed its still existing four-year programs from the quadrennial 1985-88 onwards, then with a budget of US$28.36 million. 30 The focus remained on the development of sport and until the mid-1980s, no humanitarian aid policies existed within the core of the Olympic Movement. Closely linked to the IOC and informed by its decision-making processes, the IAAF established its first "Technical Aid Program" in 1974. ...
This paper sets out to historicize the Sport Aid initiative that took place in May 1986 in an effort to raise funds for famine relief in Ethiopia. Historical sources from the International Association of Athletics Federations Archives in Monaco and the Carl and Liselott Diem-Archive of the German Sport University Cologne in Germany are examined. Considered the biggest mass sport event of all time, Sport Aid built on the success of the much more famous Live Aid music event that was staged in 1985 at the initiative of Irish musician Bob Geldof. The paper contextualizes Sport Aid within the overall famine relief efforts and discusses the usage of sport against the background of the international sport-for-all and elite sport movements within the mid-1980s. The central finding of the study is that similarities between the international music industry and global sport explain the turn of the Live Aid organizers towards sport even though international sport organizations had a different interpretation of 'aid'. The lack of celebrity involvement in Sport Aid constitutes the main difference between the two events.
... Of course, the economic significance of the Olympic event has increased accordingly, it has transformed the Olympics into a sort of global public good (Bourg & Gouguet, 2006) and has raised crucial governance issues. As a consequence, the Olympics revenues are an important share in the IOC overall budget (Chappelet, 2006). The same trend prevails in organizing a number of world cups and championships, with a corresponding problem of governance by international sport federations, namely the FIFA as regards to the football World Cup (Bourg & Gouguet, 2005). ...
Evidence shows that real-effort investments can affect bilateral bargaining outcomes. This paper investigates whether similar investments can inhibit equilibrium convergence of experimental markets. In one treatment, sellers’ relative effort affects the allocation of production costs, but a random productivity shock ensures that the allocation is not necessarily equitable. In another treatment, sellers’ effort increases the buyers’ valuation of a good. We find that effort investments have a short-lived impact on trading behavior when sellers’ effort benefits buyers, but no effect when effort determines cost allocation. Efficiency rates are high and do not differ across treatments.
Esports’ rise in popularity has led the Olympic Movement (OM) to consider esports as a possible addition to the Olympic programme. A positive stance on the part of the OM towards certain aspects of esports has become apparent in recent years. However, the OM has expressly stated that while it is values-based, the esports industry is commercially driven. This article aims to take a tenable step towards the conceptualisation of the relationship between esports and ‘values’. Moreover, it weighs esports’ potential addition to the Olympic programme in view of the commercialisation of the Olympic Games whilst also exploring the selection process for adding new sports to the programme. The article concludes that despite the OM’s negativity concerning the supposed lack of values in the esports industry, it ignores the commercialisation of the Olympic Games at its hands. Accordingly, it will further assert that esports will possibly become a part of the Olympic programme in the near future.
Introduction – 1. Major features of a globalized sports economy – 2. International economic flows in a global sports economy – 3. Globalization as geographical spread of the sports economy – 4. Globalization of professional sports – Conclusion – References
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