Kahane, Leo H. - In: International Journal of Sport Finance 5 (2010) 3, pp. 167-180
There have been a host of empirical papers studying the returns to skill in professional golf (e.g., Alexander & Kern, 2005; Callan & Thomas, 2007; Moy & Liaw, 1998; Rishe, 2001; Shmanske, 1992, 2000, 2008). None of these studies, however, carefully considers the skewed distribution of earnings in professional...