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Wer ist der beste Formel 1 Fahrer? Eine ökonometrische Talentbewertung

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  • David Stadelmann
  • Reiner Eichenberger

Abstract

Who is the best Formula 1 driver? Until today it was impossible to answer this question because the observable performance of a driver depends both on his talent and the quality of his cars. In this article we separate for the first time driver talent from car quality by econometrically analyzing data for 57 years of Formula 1 racing. Our estimates also control for the number of drivers finishing, technical breakdowns and many other variables that influence race results. While Michael Schumacher is often believed to be the best driver, he is overtaken by Juan Manuel Fangio and Jim Clark.

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  • David Stadelmann & Reiner Eichenberger, 2008. "Wer ist der beste Formel 1 Fahrer? Eine ökonometrische Talentbewertung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(4), pages 486-512, November.
    • Handle: RePEc:bla:perwir:v:9:y:2008:i:4:p:486-512
    DOI: 10.1111/j.1468-2516.2008.00290.x
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    References listed on IDEAS

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    1. Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2006. "The Power of Positional Concerns: A Panel Analysis," CREMA Working Paper Series 2006-19, Center for Research in Economics, Management and the Arts (CREMA).
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    4. Stefan Szymanski, 2010. "The Economic Design of Sporting Contests," Palgrave Macmillan Books, in: The Comparative Economics of Sport, chapter 1, pages 1-78, Palgrave Macmillan.
    5. Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2008. "The Power of Positional Concerns," IEW - Working Papers 368, Institute for Empirical Research in Economics - University of Zurich.
    6. James G. Lynch & Jeffrey S. Zax, 2000. "The Rewards to Running," Journal of Sports Economics, , vol. 1(4), pages 323-340, November.
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    1. David Stadelmann & Reiner Eichenberger, 2008. "Wer ist der beste Formel 1 Fahrer? Eine ökonometrische Talentbewertung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(4), pages 486-512, November.
    2. Oliver Budzinski & Arne Feddersen, 2020. "Measuring competitive balance in Formula One racing," Chapters, in: Plácido Rodríguez & Stefan Kesenne & Brad R. Humphreys (ed.), Outcome Uncertainty in Sporting Events, chapter 1, pages 5-26, Edward Elgar Publishing.
    3. Langen, Martin & Krauskopf, Thomas, 2010. "The election of a world champion," CAWM Discussion Papers 39, University of Münster, Münster Center for Economic Policy (MEP).
    4. Fröhlich, Michael & Gassmann, Freya & Emrich, Eike (ed.), 2015. "Zur Strukturanalyse des Mehrkampfes in der Leichtathletik: Eine empirische Studie zum Zusammenhang von Leistung und Erfolg im Siebenkampf der Frauen und Zehnkampf der Männer," Schriften des Europäischen Instituts für Sozioökonomie e.V., European Institute for Socioeconomics (EIS), Saarbrücken, volume 11, number 11.

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