The Purse Is Not Enough

Matthew Hood
Additional contact information
Matthew Hood: Washington State University

Journal of Sports Economics, 2006, vol. 7, issue 3, 289-308

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.

Keywords: PGA tour; dynamic labor supply; participation and prize money (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/1527002504271356 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:7:y:2006:i:3:p:289-308

DOI: 10.1177/1527002504271356

Access Statistics for this article

More articles in Journal of Sports Economics
Bibliographic data for series maintained by SAGE Publications ().