Stanford economist Paul Milgrom has a good explanation of the theory of the winner’s curse here. Oregonian sports reporter Ken Goe has the latest evidence here. Eugene lost the bid but that was probably a win, considering the cost of winning the bid:
USA Track Track & Field has awarded the 2020 Olympic Trials to Mount San Antonio College in suburban Los Angeles.
Eugene had played host to the Olympic Trials in 2008, 2012 and 2016, and had bid for them again for 2020.
Steve Miller, chairman of USATF board directors, said track and field’s governing body wanted to bring the trials to the country’s second-largest media market.
… Hilmer Lodge Stadium at Mt. SAC, which is undergoing a $62 million upgrade, previously had staged the 1968 Olympic Trials for women.
Hayward Field in Eugene also has a planned renovation that originally had been scheduled to begin in the summer of 2016.
That upgrade has not begun. No timetable for the start of the Hayward renovation has been announced.
I wonder if the bidding process was as transparent as the IAAF’s?