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Modeling the Determinants of a Professional Golfer's Tournament Earnings

Author

Listed:
  • Scott J. Callan

    (Bentley College)

  • Janet M. Thomas

    (Bentley College)

Abstract

Studies examining the determinants of success in professional golf constitute a relatively new and growing literature. Based on the consistency of empirical findings, there is little debate that certain shot-making skills influence a golfer's score and hence tournament earnings. However, the theoretical development of a player's production function in support of empirical specifications is lacking in the literature. Moreover, virtually all studies specify single-equation models that assume a direct relationship between performance and skill, an approach recently questioned in the literature. In response, this research develops a structural model of a professional golfer's tournament success and uses a multiequation framework to estimate the determinants of a player's season-ending earnings. Using this framework, estimates of the value of the marginal product for each shot-making skill are determined and found to be markedly different from those derived from single-equation models.

Suggested Citation

  • Scott J. Callan & Janet M. Thomas, 2007. "Modeling the Determinants of a Professional Golfer's Tournament Earnings," Journal of Sports Economics, , vol. 8(4), pages 394-411, August.
    • Handle: RePEc:sae:jospec:v:8:y:2007:i:4:p:394-411
    DOI: 10.1177/1527002506287697
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    References listed on IDEAS

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    Cited by:

    1. Ferdi Botha & Gavin Fraser & Thomas A. Rhoads, 2021. "Skill and Earnings Amongst Golfers on the Southern‐African Sunshine Tour," South African Journal of Economics, Economic Society of South Africa, vol. 89(2), pages 274-281, June.
    2. Carson D. Baugher & Jonathan P. Day & Elvin W. Burford Jr., 2016. "Drive for Show and Putt for Dough? Not Anymore," Journal of Sports Economics, , vol. 17(2), pages 207-215, February.
    3. Ilhyeok Park & Young Hoon Lee, 2012. "Efficiency Comparison of International Golfers in the LPGA," Journal of Sports Economics, , vol. 13(4), pages 378-392, August.
    4. Mark Broadie, 2012. "Assessing Golfer Performance on the PGA TOUR," Interfaces, INFORMS, vol. 42(2), pages 146-165, April.
    5. Stephen Shmanske, 2008. "Skills, Performance, and Earnings in the Tournament Compensation Model," Journal of Sports Economics, , vol. 9(6), pages 644-662, December.
    6. Stephen Shmanske, 2013. "Gender and skill convergence in professional golf," Chapters, in: Eva Marikova Leeds & Michael A. Leeds (ed.), Handbook on the Economics of Women in Sports, chapter 4, pages 73-91, Edward Elgar Publishing.

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