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The Purse Is Not Enough

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  • Matthew Hood

    (Washington State University)

Abstract

This article examines the labor supply of the top golfers on the American PGA tour from 1997 to 2003. Three hypotheses are proposed about the participation rates of these players to show that the purse alone is not enough to explain entry. The participation rate proves to be influenced by the characteristics of other tournaments and seasonal effects. The participation rate and the purse are shown to have an endogeneity problem. And players prefer to play golf tournaments that they have played in before and played well.

Suggested Citation

  • Matthew Hood, 2006. "The Purse Is Not Enough," Journal of Sports Economics, , vol. 7(3), pages 289-308, August.
    • Handle: RePEc:sae:jospec:v:7:y:2006:i:3:p:289-308
    DOI: 10.1177/1527002504271356
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    References listed on IDEAS

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    1. Orszag, Jonathan M., 1994. "A new look at incentive effects and golf tournaments," Economics Letters, Elsevier, vol. 46(1), pages 77-88, September.
    2. Ehrenberg, Ronald G & Bognanno, Michael L, 1990. "Do Tournaments Have Incentive Effects?," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1307-1324, December.
    3. James G. Lynch & Jeffrey S. Zax, 2000. "The Rewards to Running," Journal of Sports Economics, , vol. 1(4), pages 323-340, November.
    4. Ronald G. Ehrenberg & Michael L. Bognanno, 1990. "The Incentive Effects of Tournaments Revisited: Evidence from the European PGA Tour," ILR Review, Cornell University, ILR School, vol. 43(3), pages 74, April.
    5. Michael T. Maloney & Robert E. McCormick, 2000. "The Response of Workers to Wages in Tournaments," Journal of Sports Economics, , vol. 1(2), pages 99-123, May.
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    Cited by:

    1. Matthew Hood, 2008. "Consistency on the PGA Tour," Journal of Sports Economics, , vol. 9(5), pages 504-519, October.

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