The Efficiency of Prize Money Structure of WTA Tournaments

Open Access
Author:
Wang, Yuan
Area of Honors:
Economics
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • David Shapiro, Thesis Supervisor
  • Russell Paul Chuderewicz, Honors Advisor
Keywords:
  • Labor Economics
  • Sport Economics
  • Tennis Tournament
  • Prize Money Structure
Abstract:
In this thesis, the previous and current tournament profiles on the WTA Tour will be studied based on the assumptions of the Tournament Model, which was presented in Rosen (1986). In addition, a series of statistical tests are conducted to test the effects of prize money spreads and prize money breakdown of a tournament on the performance of participating players. The tests use the latest data available online from 2007 to 2012, and the data set contains statistics of tournaments of all levels. Equally interesting, studies of the Tournament Theory so far almost focus on ATP Tour of men, while this thesis instead chooses a new perspective from WTA Tour of women, therefore the results surprisingly show significant difference from the results of previous works.