Farhad Khodadad Kashi; Elham Karimnia
Volume 6, Issue 4 , March 2018, , Pages 93-103
Abstract
The purpose of this paper is to investigate whether countries categorized as top Economic power have been dominant in Olympic events. In addition, the share of other countries in receivinging medal during Olympics would be considered in this paper. As it is important to assess the degree of competition ...
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The purpose of this paper is to investigate whether countries categorized as top Economic power have been dominant in Olympic events. In addition, the share of other countries in receivinging medal during Olympics would be considered in this paper. As it is important to assess the degree of competition and monopoly power in the economic markets, it is also important to study the degree of competition and the relative strength of countries in the Olympic Games.To fulfill the objectives of this study and to reply the related questions, k-firm concentration ratio, Entropy and Herfindhal-Hirschman indices are used as measures for assessing the monopoly power exercised in Olympic Games. The results indicate that the monopoly power is to some extent high, but has dropped over times.In other words, few countries had dominant powers, but over the years, their monopoly power has been declining, and the competitiveness of other countries has increased over times.Furthermore, the findings of this study indicate that there is a positive relationship between Human development index and the success rate of countries in the Olympic Games.
