Article

Remembering Three Economic Studies on Professional Golf

Matthew Hood

in The Oxford Handbook of Sports Economics

Published in print April 2012 | ISBN: 9780195387773
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195387773.013.0016

Series: Oxford Handbooks

 Remembering Three Economic Studies on Professional Golf

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This chapter reports the literature on the labor-supply decision of professional golfers and is able to replicate with new data three important results. It also reviews three studies on the participation decision of professional golfers and tests their conclusions, and two natural extensions, concentrating on the European tournaments of the European Tour. It is confirmed that professional golfers respond to incentives, and is revealed that professional golfers are more likely to play the events they played the previous year, particularly if they played well. Then, it is shown that non-elite players recognize the value of their tour card, by playing in more events when their playing privileges for the next year are at stake.

Keywords: golf; professional golfers; European tournaments; European Tour; incentives; labor-supply decision

Article.  7422 words. 

Subjects: Economics ; Industry Studies ; Financial Institutions and Services

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