The final 2012 American Presidential debate ended just a few hours ago and Miranda Green took a look at the economics of hosting the debates:

• Most academic institutions are put off by the cost of the debate. It takes at least $1.5 million (and often much more) to pay for the security, equipment, and production.
• However smaller institutions believe that it’s worth their money because it helps to get their name out there. One University saw the number of applicants rise by 20% after it hosted the debate.
• Hosting the debate also has the benefit of creating a surge in alumni donations.

Read more about the things that universities consider before hosting a debate over here.

Source: The Daily Beast