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The economics of golf course condition and beauty

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  • 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
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    References listed on IDEAS

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

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