IDEAS home Printed from https://ideas.repec.org/a/kap/atlecj/v27y1999i3p301-313.html
   My bibliography  Save this article

The economics of golf course condition and beauty

Author

Listed:
  • Stephen Shmanske

Abstract

This paper reports on the statistical relationships between golf course condition and beauty and the relationship of these with revenues and maintenance expenditures. Using interviews from more than 900 golfers at 46 public access golf courses, measures of the golfers' ratings of golf course condition and beauty were obtained. Both beauty and condition positively influence golf course revenue. Furthermore, the marginal cost of condition is of the same magnitude as the marginal revenue of condition, indicating that golf course management is optimizing regarding golf course condition. Beauty, however, may be more closely related to scenic vistas and golf course design and not to yearly maintenance expenditures. Copyright International Atlantic Economic Society 1999

Suggested Citation

  • Stephen Shmanske, 1999. "The economics of golf course condition and beauty," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 27(3), pages 301-313, September.
    • Handle: RePEc:kap:atlecj:v:27:y:1999:i:3:p:301-313
    DOI: 10.1007/BF02299580
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/BF02299580
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/BF02299580?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Deirdre N. McCloskey & Stephen T. Ziliak, 1996. "The Standard Error of Regressions," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 97-114, March.
    2. Stephen Shmanske, 1998. "Price Discrimination At The Links," Contemporary Economic Policy, Western Economic Association International, vol. 16(3), pages 368-378, July.
    3. Keith Christian Jensen & Shyam Kamath & Robert Bennett, 1987. "Money in the Production Function: An Alternative Test Procedure," Eastern Economic Journal, Eastern Economic Association, vol. 13(3), pages 259-269, Jul-Sep.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. James G. Mulligan, 2001. "The Pricing of a Round of Golf," Journal of Sports Economics, , vol. 2(4), pages 328-340, November.
    2. Stephen Shmanske, 2000. "Gender, Skill, and Earnings in Professional Golf," Journal of Sports Economics, , vol. 1(4), pages 385-400, November.
    3. Johan Lundberg & Sofia Lundberg, 2004. "Join the Club - On the Attractiveness of Golf Club Membership," ERSA conference papers ersa04p242, European Regional Science Association.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rachel G. Childers, 2011. "Being One'S Own Boss: How Does Risk Fit In?," The American Economist, Sage Publications, vol. 56(1), pages 48-58, May.
    2. Felix Roth & Anna-Elisabeth Thum, 2022. "Intangible Capital and Labor Productivity Growth: Panel Evidence for the EU from 1998–2005," Contributions to Economics, in: Intangible Capital and Growth, chapter 0, pages 101-128, Springer.
    3. Brinig, Margaret F. & Nock, Steven L., 2003. ""I only want trust": norms, trust, and autonomy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(5), pages 471-487, November.
    4. Adrian Tschoegl, 1996. "Country and Firm Sources of International Competitiveness: The Case of the Foreign Exchange Market," Center for Financial Institutions Working Papers 97-19, Wharton School Center for Financial Institutions, University of Pennsylvania.
    5. Anupama Sen and Tooraj Jamasb, 2012. "Diversity in Unity: An Empirical Analysis of Electricity Deregulation in Indian States," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    6. Allen Sinai & Houston H. Stokes, 1989. "Money Balances in the Production Function: A Retrospective Look," Eastern Economic Journal, Eastern Economic Association, vol. 15(4), pages 349-363, Oct-Dec.
    7. Steven Kachelmeier & Kristy Towry, 2005. "The Limitations of Experimental Design: A Case Study Involving Monetary Incentive Effects in Laboratory Markets," Experimental Economics, Springer;Economic Science Association, vol. 8(1), pages 21-33, April.
    8. Beltran, Jesusa C. & Pannell, David J. & Doole, Graeme J. & White, Benedict, 2011. "Factors that affect the use of herbicides in Philippine rice farming systems," Working Papers 108769, University of Western Australia, School of Agricultural and Resource Economics.
    9. Günther Rehme, 2011. "Endogenous Policy And Cross‐Country Growth Empirics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 262-296, May.
    10. Henneberry, Shida Rastegari & Khan, Muhhamad Ehsan & Piewthongngam, Kullapapruk, 2000. "An analysis of industrial-agricultural interactions: a case study in Pakistan," Agricultural Economics, Blackwell, vol. 22(1), pages 17-27, January.
    11. Daniel S. Hamermesh, 1999. "The Art of Labormetrics," NBER Working Papers 6927, National Bureau of Economic Research, Inc.
    12. Xinyu (Jason) Cao, 2009. "Disentangling the influence of neighborhood type and self-selection on driving behavior: an application of sample selection model," Transportation, Springer, vol. 36(2), pages 207-222, March.
    13. Stephen T. Ziliak & Deirdre N. McCloskey, 2013. "We Agree That Statistical Significance Proves Essentially Nothing: A Rejoinder to Thomas Mayer," Econ Journal Watch, Econ Journal Watch, vol. 10(1), pages 97-107, January.
    14. Michaelides, Michael, 2021. "Large sample size bias in empirical finance," Finance Research Letters, Elsevier, vol. 41(C).
    15. DeCicca, Philip & Kenkel, Donald & Mathios, Alan, 2000. "Putting Out The Fires: Will Higher Taxes Reduce Youth Smoking?," Working Papers 00-3, University of Aarhus, Aarhus School of Business, Department of Economics.
    16. repec:kap:iaecre:v:11:y:2005:i:2:p:231-242 is not listed on IDEAS
    17. Petersen, Verner C., 2005. "The otherworldly view of economics - and its consequences," Working Papers 2005-13, University of Aarhus, Aarhus School of Business, Department of Management.
    18. Denis Fougère & Nicolas Jacquemet, 2020. "Policy Evaluation Using Causal Inference Methods," SciencePo Working papers Main hal-03455978, HAL.
    19. Gasper, D.R., 2006. "What is the capability approach?: its core, rationale, partners and dangers," ISS Working Papers - General Series 19187, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    20. Peter Carey & Brad Potter & George Tanewski, 2014. "Application of the Reporting Entity Concept in Australia," Abacus, Accounting Foundation, University of Sydney, vol. 50(4), pages 460-489, December.
    21. Boumtje, Pierre I. & Florkowski, Wojciech J. & Landry, Gil W., Jr. & Escalante, Cesar L., 2004. "Factors Affecting The Profitability Of Golf Courses In Georgia," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34664, Southern Agricultural Economics Association.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:atlecj:v:27:y:1999:i:3:p:301-313. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.