Golfonomics

Front Cover
World Scientific, 2004 - Business & Economics - 312 pages
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This book presents Stephen Shmanske's innovative research combining two of his passions, golf and economics. He develops two themes ? the use of economics to explore institutional aspects of the business side of golf and the use of golf statistics to shed light on several vexing issues in economics. These two themes are addressed in two settings ? the economics of golf course management and the economics of professional golf. Examples from golf course management are covered in separate chapters on golf cart usage, golf course maintenance, and the problem of slow play. Examples from professional golf include the causal relationships from practice to skill to earnings, the tournament compensation model, and the measurement of gender discrimination.
 

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Contents

Introduction
3
Appendix to Chapter 1
19
Golf Course Economics
41
Bad Mood Bias
64
Price Discrimination
86
Replace Your Divots and Please Dont Eat the Daisies
116
Location Location Location
139
The Economics of Slow Play
165
The Business of Professional Golf
193
Practice Makes Perfect
211
Tournament Compensation in the Boardroom
237
Gender Discrimination?
257
The Nineteenth Hole
287
References
303
Copyright

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