- Consulting Editors
- [UNTITLED]
- Contributors
- Preface to Volume One: The Economics of Sports
- Economics of League Design: Open Versus Closed Systems
- Competitive Balance
- Club Objectives, Competitive Balance, and the Invariance Proposition
- Theory of the Big Dance: The Playoff Pay-Off in Pro Sports Leagues
- Baseball's Antitrust Exemption: History And Current Relevance
- The Reserve Clause and Labor Mobility
- Salary Caps and Luxury Taxes
- International Labor Mobility and the National Basketball Association
- The Demand for Violence in Hockey
- Hockey: Game Design and Overtime
- Field Position and Strategy in American Football
- Network Television Revenue Sharing and Competitive Balance in the NFL
- Competing Leagues, Mergers, and Expansions
- The Bosman Ruling and Labor Mobility in Football (Soccer)
- Labor Supply and Human Capital Formation in Professional Team Sports: Evidence From The Fa Premier League
- Remembering Three Economic Studies on Professional Golf
- The Economics of NASCAR
- To Be or Not to Be: The NCAA as a Cartel
- What Does Intercollegiate Athletics Do to or for Colleges and Universities?
- Is March Madness Contagious?: Post-Season Play and Attendance in NCAA Division I Basketball
- Gender Equity in Intercollegiate Athletics: Economic Considerations and Possible Fixes
- Economics of the Olympics
- The Economics of the World Cup
- Economics of the Super Bowl
- Career Duration in Professional Football: The Case of German Soccer Referees
- Index
Abstract and Keywords
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
Matthew Hood, Department of Finance, University of Southern Mississippi
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- Consulting Editors
- [UNTITLED]
- Contributors
- Preface to Volume One: The Economics of Sports
- Economics of League Design: Open Versus Closed Systems
- Competitive Balance
- Club Objectives, Competitive Balance, and the Invariance Proposition
- Theory of the Big Dance: The Playoff Pay-Off in Pro Sports Leagues
- Baseball's Antitrust Exemption: History And Current Relevance
- The Reserve Clause and Labor Mobility
- Salary Caps and Luxury Taxes
- International Labor Mobility and the National Basketball Association
- The Demand for Violence in Hockey
- Hockey: Game Design and Overtime
- Field Position and Strategy in American Football
- Network Television Revenue Sharing and Competitive Balance in the NFL
- Competing Leagues, Mergers, and Expansions
- The Bosman Ruling and Labor Mobility in Football (Soccer)
- Labor Supply and Human Capital Formation in Professional Team Sports: Evidence From The Fa Premier League
- Remembering Three Economic Studies on Professional Golf
- The Economics of NASCAR
- To Be or Not to Be: The NCAA as a Cartel
- What Does Intercollegiate Athletics Do to or for Colleges and Universities?
- Is March Madness Contagious?: Post-Season Play and Attendance in NCAA Division I Basketball
- Gender Equity in Intercollegiate Athletics: Economic Considerations and Possible Fixes
- Economics of the Olympics
- The Economics of the World Cup
- Economics of the Super Bowl
- Career Duration in Professional Football: The Case of German Soccer Referees
- Index