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Incentives and Superstars on the LPGA Tour

  • Francisco Peschiera
  • Peter Matthews

    ()

  • Paul Sommers

    ()

Following Ehrenberg and Bognanno (1990a, b), this paper explores the role of incentives on the 2000 LPGA Tour. Overall, it finds them to have limited effectiveness. Several possible explanations are considered, including unmeasured differences in both abilities and courses and variations in the distribution of prizes across tournaments. The existence of a “superstar effect” is also considered.

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File URL: http://www.middlebury.edu/services/econ/repec/mdl/ancoec/0221.pdf
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Paper provided by Middlebury College, Department of Economics in its series Middlebury College Working Paper Series with number 0221.

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Length: 23 pages
Date of creation: Jun 2002
Date of revision:
Handle: RePEc:mdl:mdlpap:0221
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  1. Dixit, Avinash K, 1987. "Strategic Behavior in Contests," American Economic Review, American Economic Association, vol. 77(5), pages 891-98, December.
  2. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-58, December.
  3. Ehrenberg, Ronald G & Bognanno, Michael L, 1990. "Do Tournaments Have Incentive Effects?," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1307-24, December.
  4. 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.
  5. Edward P. Lazear & Sherwin Rosen, 1979. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc.
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