Modeling the Determinants of a Professional Golfer's Tournament Earnings

Scott J. Callan and Janet M. Thomas
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Scott J. Callan: Bentley College
Janet M. Thomas: Bentley College

Journal of Sports Economics, 2007, vol. 8, issue 4, 394-411

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.

Keywords: earnings determination; professional golf; production functions (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:8:y:2007:i:4:p:394-411

DOI: 10.1177/1527002506287697

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