September 10 R. M. Nureev spoke on “Olympic political business cycle: development trends” at the 4th All-Russian Summer School for young researchers evolutionary and institutional economics. Based on the report, together with E. V. Markin prepared the book “Economics of the Olympic Games,” Norma INFA-M, Moscow, 2014.

Olympic Games Economics Summary

CONTENTS
INTRODUCTION 5
CHAPTER 1. OLYMPIC MOVEMENT ON THE WAY TO ECONOMIC PROSPERITY 9
1.1. Periodization of International Olympic Movement financing 9
1.2. General Sources of Olympic Games Financing and Mechanism of Its Redistribution 15
CHAPTER 2. GENESIS OF OLYMPIC POLITICAL BUSINESS CYCLE AND ITS MAIN STAGES 23
2.1. Genesis of Olympic Business Cycle 23
2.2. Economic Cycle and Olympic Business Cycle: Common Features and Differences 26
2.3. Main Stages of Olympic Business Cycle 28
2.4. Olympic Political Business Cycle 52
2.5. Olympic Business Cycle as Investment Process 57
CHAPTER 3. PUBLICС AND PRIVATE SECTORS: COSTS-BENEFIT ANALYSIS OF OLYMPIC GAMES 61
3.1. Costs-benefit Analysis on Different stages of Olympic Business Cycle 61
3.2. Main Models of Administration and Finance of Olympic Games 67
CHAPTER 4. SUCCESSES AND FAILURES OF OLYMPIC WINTER GAMES 75
4.1. World Experience of Olympic Winter Games organizing 75
4.2. XXII Olympic Winter Games of 2014 in Sochi: First Results 85
LITERATURE 102