Ключевые механизмы управления и финансирования Олимпийских игр
High risk of informal behavior during the Olympic Games bid procedure requires some changes in the current system since the subjectivity in choosing the Olympic Games capital, risk of double selling of the votes and other informal behavior still exist.
For the analysis of costs and benefits from preparation and carrying out of Olympic Games the new concept of an Olympic business cycle is introduced. This concept shows the business activity of the state, society and business for achievement of two basic purposes: to get the maximum profit and to achieve positive externalities. The existing concept of an Olympic cycle has other sense and purpose.
The concept entered by authors allows to consider costs and benefits of the state and business at different stages of Olympic business cycle which includes pre-Olympic, Olympic and post-Olympic stages. In the article features and laws of economic and political business cycles (within the limits of an Olympic business cycle) interaction are also investigated.