Elinor Ostrom: uncommon |
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Authors: | Kenneth A. Shepsle |
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Affiliation: | 1. Chicago, IL, USA
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Abstract: | The placement of various tee boxes on golf courses subsidizes the first shot of each hole for certain players. McCormick and Tollison find that this subsidy is statistically larger (other factors equal) in the southern US states and that it has been decreasing over time. These findings illustrate more general issues of chivalry, gender, age, and opportunity costs. The economics profession will undoubtedly continue to use sports data to better understand the behavior and interactions of people and firms in the economy. |
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