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Expert Opinion and Compensation: Evidence from a Musical Competition

Author

Listed:
  • Victor A. Ginsburgh
  • Jan C. van Ours

Abstract

Pianists who achieve high scores in the Queen Elizabeth musical competition are rewarded by subsequent success. This is not surprising in itself, but it is not immediately clear whether this is caused by the score or because those who have high scores are better pianists. Data on eleven consecutive competitions make it possible to distinguish between the two explanations, since an unexpected situation allows us to use an instrumental variable (the randomly assigned order in which musicians appear at the competition), uncorrelated with ability, but correlated with the results of the competition.
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Suggested Citation

  • Victor A. Ginsburgh & Jan C. van Ours, 2003. "Expert Opinion and Compensation: Evidence from a Musical Competition," American Economic Review, American Economic Association, vol. 93(1), pages 289-296, March.
    • Handle: RePEc:aea:aecrev:v:93:y:2003:i:1:p:289-296
    DOI: 10.1257/000282803321455296
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    References listed on IDEAS

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    1. Joshua D. Angrist & Alan B. Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 69-85, Fall.
    2. Victor Ginsburgh & Renato Flores Galvao, 1996. "The Queen Elisabeth Musical Competition: how fair is the final ranking," ULB Institutional Repository 2013/1713, ULB -- Universite Libre de Bruxelles.
    3. Cecilia Rouse & Claudia Goldin, 2000. "Orchestrating Impartiality: The Impact of "Blind" Auditions on Female Musicians," American Economic Review, American Economic Association, vol. 90(4), pages 715-741, September.
    4. Joshua Angrist & Alan Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Working Papers 834, Princeton University, Department of Economics, Industrial Relations Section..
    5. repec:fth:prinin:455 is not listed on IDEAS
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    More about this item

    JEL classification:

    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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    1. Expert Opinion and Compensation: Evidence from a Musical Competition (AER 2003) in ReplicationWiki

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