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Who Is The Best Formula 1 Driver? : An Economic Approach to Evaluating Talent

Title data

Eichenberger, Reiner ; Stadelmann, David:
Who Is The Best Formula 1 Driver? : An Economic Approach to Evaluating Talent.
In: Economic Analysis and Policy. Vol. 39 (2009) Issue 3 . - pp. 389-406.
ISSN 0313-5926
DOI: https://doi.org/10.1016/S0313-5926(09)50035-5

Abstract in another language

Who is the best formula 1 driver? Until today it was impossible to answer this question because the observable performance of a driver depends both on his talent and the quality of his cars. In this paper, we for the first time separate driver talent from car quality by econometrically analyzing data covering 57 years of Formula 1 racing. Our estimates also control for the number of drivers finishing, technical breakdowns and many other variables that influence race results. While Michael Schumacher is often believed to be the best driver, he is overtaken by Juan Manuel Fangio and Jim Clark.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Sports Economics; Evaluating Talent; Superstars; Formula 1 Racing
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Professorship Development Economics > Professorship Development Economics - Univ.-Prof. Dr. David Stadelmann
Profile Fields > Emerging Fields > Governance and Responsibility
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics > Professorship Development Economics
Profile Fields
Profile Fields > Emerging Fields
Result of work at the UBT: No
DDC Subjects: 300 Social sciences > 320 Political science
300 Social sciences > 330 Economics
Date Deposited: 01 Dec 2014 07:52
Last Modified: 26 Apr 2018 06:50
URI: https://eref.uni-bayreuth.de/id/eprint/3293