Advanced Search

Journal Navigation

Journal Home

Subscriptions

Archive

Contact Us

Table of Contents

Click here to browse AJSM online!

Sign In to gain access to subscriptions and/or personal tools.
Journal of Sports Economics
This Article
Right arrow Full Text (PDF)
Right arrow All Versions of this Article:
1527002508317469v1
9/6/644    most recent
Right arrow References
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Right arrow Citation Map
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to Saved Citations
Right arrow Download to citation manager
Right arrowRequest Permissions
Right arrow Request Reprints
Right arrow Add to My Marked Citations
Citing Articles
Right arrow Citing Articles via Google Scholar
Right arrow Citing Articles via Scopus
Google Scholar
Right arrow Articles by Shmanske, S.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Complore   Add to Connotea   Add to Del.icio.us   Add to Digg   Add to Reddit   Add to Technorati   Add to Twitter  
What's this?

Skills, Performance, and Earnings in the Tournament Compensation Model

Evidence From PGA Tour Microdata

Stephen Shmanske

California State University, East Bay

Previous research on professional golf has estimated reduced-form models in which earnings are a function of skills measured as year-long averages. Using individual, tournament-level data, this article makes three improvements. First, the use of tournament-level data removes measurement error in the skills by adjusting the data for tournament-level idiosyncrasies such as the effect of altitude on driving distance. Second, the collection of microdata allows one to examine variance and skewness of the skills distributions in addition to just the mean. And third, the article estimates a structural model in which golfers use their skills to perform well in competitions by shooting low scores at one level, while those score distributions underlie the tournament earnings of the golfers at the other level. Tighter estimates of the coefficients are resolved and the overall adjusted R2 improves from 0.36 to more than 0.90.

Key Words: economics of golf • economics of sports • tournament compensation model • skewness in earnings functions • production theory • measurement error

This version was published on December 1, 2008

Journal of Sports Economics, Vol. 9, No. 6, 644-662 (2008)
DOI: 10.1177/1527002508317469
Add to CiteULike CiteULike   Add to Complore Complore   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us   Add to Digg Digg   Add to Reddit Reddit   Add to Technorati Technorati   Add to Twitter Twitter    What's this?