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Consistency or Heroics: Skewness, Performance, and Earnings on the PGA TOUR

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  • Stephen Shmanske

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    File URL: http://hdl.handle.net/10.1007/s11293-007-9080-z
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    Bibliographic Info

    Article provided by International Atlantic Economic Society in its journal Atlantic Economic Journal.

    Volume (Year): 35 (2007)
    Issue (Month): 4 (December)
    Pages: 463-471

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    Handle: RePEc:kap:atlecj:v:35:y:2007:i:4:p:463-471

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    Related research

    Keywords: Tournaments compensation model; Effort and performance; Economics of golf; Hot-hand phenomenon; Competitive balance; Skewness of performance distribution; J31; L83; C81;

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    References

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    1. Edward P. Lazear & Sherwin Rosen, 1979. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc.
    2. Brad R. Humphreys, 2002. "Alternative Measures of Competitive Balance in Sports Leagues," Journal of Sports Economics, , vol. 3(2), pages 133-148, May.
    3. Martin B. Schmidt & David J. Berri, 2001. "Competitive Balance and Attendance: The Case of Major League Baseball," Journal of Sports Economics, , vol. 2(2), pages 145-167, May.
    4. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-58, December.
    5. Ronald G. Ehrenberg & Michael L. Bognanno, 1988. "Do Tournaments Have Incentive Effects?," NBER Working Papers 2638, National Bureau of Economic Research, Inc.
    6. Andrew S. Zimbalist, 2002. "Competitive Balance in Sports Leagues: An Introduction," Journal of Sports Economics, , vol. 3(2), pages 111-121, May.
    7. Patrick James Rishe, 2001. "Differing Rates of Return to Performance: A Comparison of the PGA and Senior Golf Tours," Journal of Sports Economics, , vol. 2(3), pages 285-296, August.
    8. Allen R. Sanderson & John J. Siegfried, 2003. "Thinking About Competitive Balance," Vanderbilt University Department of Economics Working Papers 0318, Vanderbilt University Department of Economics.
    9. Ronald G. Ehrenberg & Michael L. Bognanno, 1990. "The incentive effects of tournaments revisited: Evidence from the European PGA tour," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 43(3), pages 74-88, February.
    10. Gerald W. Scully, 2002. "The Distribution of Performance and Earnings in a Prize Economy," Journal of Sports Economics, , vol. 3(3), pages 235-245, August.
    11. Szymanski, Stefan, 2001. "Income Inequality, Competitive Balance and the Attractiveness of Team Sports: Some Evidence and a Natural Experiment from English Soccer," Economic Journal, Royal Economic Society, vol. 111(469), pages F69-84, February.
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    Cited by:
    1. Young Hoon Lee, 2011. "Efficiency Comparison of International Golfers in the LPGA," Working Papers 1103, Research Institute for Market Economy, Sogang University, revised 2011.

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