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Efficiency Comparison of International Golfers in the LPGA

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Author Info

  • Ilhyeok Park

    (Department of Physical Education, Seoul National University, Seoul, Korea)

  • Young Hoon Lee

    ()
    (Department of Economics, Sogang University, Seoul, Korea)

Abstract

This article examines the efficiency of individual golfers in the Ladies Professional Golf Association (LPGA) according to their nationality when grouped into Asian, U.S., and other golfers. In particular, the comparison of golf ability with the efficiency in scoring and earning as a function of nationality will provide valuable information for explaining the reasons of the recent surge of Asian golfers in the LPGA. The authors develop a dual regression model of the score and prize earning equations that considers the prize earnings as the ultimate output, scores as the intermediate outputs, and golfing skills as the inputs. Therefore, it enables efficiencies to be compared in the production processes of scores and prize earnings. A stochastic frontier model is applied to the panel data set of the LPGA that comprised 119 individual female golfers over the period of 2004-2010.

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Bibliographic Info

Article provided by in its journal Journal of Sports Economics.

Volume (Year): 13 (2012)
Issue (Month): 4 (August)
Pages: 378-392

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Handle: RePEc:sae:jospec:v:13:y:2012:i:4:p:378-392

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Related research

Keywords: women golfers; efficiency; golfing skill; prize earning; stochastic frontier model; panel data;

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References

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  1. J. A. Hausman, 1976. "Specification Tests in Econometrics," Working papers 185, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Zak, Thomas A & Huang, Cliff J & Siegfried, John J, 1979. "Production Efficiency: The Case of Professional Basketball," The Journal of Business, University of Chicago Press, vol. 52(3), pages 379-92, July.
  3. Stephen Shmanske, 2000. "Gender, Skill, and Earnings in Professional Golf," Journal of Sports Economics, , vol. 1(4), pages 385-400, November.
  4. David Kalist, 2008. "Does Motherhood Affect Productivity, Relative Performance, and Earnings?," Journal of Labor Research, Springer, vol. 29(3), pages 219-235, September.
  5. Bernd Frick & Young Lee, 2011. "Temporal variations in technical efficiency: evidence from German soccer," Journal of Productivity Analysis, Springer, vol. 35(1), pages 15-24, February.
  6. Stephen Shmanske, 2007. "Consistency or Heroics: Skewness, Performance, and Earnings on the PGA TOUR," Atlantic Economic Journal, International Atlantic Economic Society, vol. 35(4), pages 463-471, December.
  7. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
  8. Fried, Harold O. & Tauer, Loren W., 2009. "The Impact of Age on the Ability to Perform under Pressure: Golfers on the PGA Tour," Working Papers 51103, Cornell University, Department of Applied Economics and Management.
  9. Fiona Carmichael & Dennis Thomas & Robert Ward, 2001. "Production and Efficiency in Association Football," Journal of Sports Economics, , vol. 2(3), pages 228-243, August.
  10. Lawrence Hadley & Marc Poitras & John Ruggiero & Scott Knowles, 2000. "Performance evaluation of National Football League teams," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 21(2), pages 63-70.
  11. Peter Dawson & Stephen Dobson & Bill Gerrard, 2000. "Stochastic Frontiers and the Temporal Structure of Managerial Efficiency in English Soccer," Journal of Sports Economics, , vol. 1(4), pages 341-362, November.
  12. Young Lee, 2011. "Is the small-ball strategy effective in winning games? A stochastic frontier production approach," Journal of Productivity Analysis, Springer, vol. 35(1), pages 51-59, February.
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