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Do PGA tournaments have perverse incentive effects? (Research Nots).

Publication: International Advances in Economic Research
Publication Date: 01-FEB-02
Format: Online
Delivery: Immediate Online Access
Full Article Title: Do PGA tournaments have perverse incentive effects? (Research Nots).(Professional Golfers'' Association)(Brief Article)(Statistical Data Included)

Article Excerpt
Middlebury College--U.S.A.

What motivates individuals to do well? Are financial incentives embodied within tournaments sufficient? Ehrenberg and Bognanna [JPE, 1990: 1307-24] find that higher prize levels lead, ceteris paribus, to lower scores in the men's Professional Golf Association (PGA) Tour from the 1980's. Following the framework used by Ehrenberg...

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