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RETHINKING RESTRICTIONS ON PLAYER MOBILITY IN MAJOR LEAGUE BASEBALL
This article considers the possibility that transactions costs and asymmetric income effects have altered the distribution of talent in the aftermath of institutional changes in Major League Baseball. This contradicts the invariance principle of Coase's theorem. Empirical evidence tracking play...
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| Published in: | Contemporary economic policy 2002-04, Vol.20 (2), p.145-159 |
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| Format: | Article |
| Language: | English |
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| container_end_page | 159 |
| container_issue | 2 |
| container_start_page | 145 |
| container_title | Contemporary economic policy |
| container_volume | 20 |
| creator | Maxcy, Joel G. |
| description | This article considers the possibility that transactions costs and asymmetric income effects have altered the distribution of talent in the aftermath of institutional changes in Major League Baseball. This contradicts the invariance principle of Coase's theorem. Empirical evidence tracking player movement and competitive balance over the past 50 years conclusively supports these stands. Free agency, when permitted to proceed with limited intereference, has increased the rate that productive players transfer and has also improved some measures of competitive balance. Competitive balance is also shown to have improved with the implementation of the draft. Policy prescriptions calling for increased restrictions on player mobility are ill advised. |
| doi_str_mv | 10.1093/cep/20.2.145 |
| format | article |
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This contradicts the invariance principle of Coase's theorem. Empirical evidence tracking player movement and competitive balance over the past 50 years conclusively supports these stands. Free agency, when permitted to proceed with limited intereference, has increased the rate that productive players transfer and has also improved some measures of competitive balance. Competitive balance is also shown to have improved with the implementation of the draft. 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This contradicts the invariance principle of Coase's theorem. Empirical evidence tracking player movement and competitive balance over the past 50 years conclusively supports these stands. Free agency, when permitted to proceed with limited intereference, has increased the rate that productive players transfer and has also improved some measures of competitive balance. Competitive balance is also shown to have improved with the implementation of the draft. Policy prescriptions calling for increased restrictions on player mobility are ill advised.</description><subject>Balance theory</subject><subject>Baseball (Professional)</subject><subject>Baseball labor unions</subject><subject>Baseball players</subject><subject>Collective bargaining</subject><subject>Competition</subject><subject>Contract negotiations</subject><subject>Cost benefit analysis</subject><subject>Economic models</subject><subject>Economic theory</subject><subject>Evaluation</subject><subject>Free agency</subject><subject>Labor contracts</subject><subject>Labor market</subject><subject>Labor mobility</subject><subject>Labor relations</subject><subject>Labor unions</subject><subject>Labour mobility</subject><subject>Management</subject><subject>Policy studies</subject><subject>Professional baseball</subject><subject>Property rights</subject><subject>Sports</subject><subject>Statistical analysis</subject><subject>Studies</subject><subject>Transaction 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This contradicts the invariance principle of Coase's theorem. Empirical evidence tracking player movement and competitive balance over the past 50 years conclusively supports these stands. Free agency, when permitted to proceed with limited intereference, has increased the rate that productive players transfer and has also improved some measures of competitive balance. Competitive balance is also shown to have improved with the implementation of the draft. Policy prescriptions calling for increased restrictions on player mobility are ill advised.</abstract><cop>Oxford, UK</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1093/cep/20.2.145</doi><tpages>15</tpages><oa>free_for_read</oa></addata></record> |
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| ispartof | Contemporary economic policy, 2002-04, Vol.20 (2), p.145-159 |
| issn | 1074-3529 1465-7287 |
| language | eng |
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| source | EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); ABI/INFORM global; Wiley; Politics Collection; Social Science Premium Collection (Proquest) (PQ_SDU_P3); PAIS Index; EBSCOHost: Business Source Ultimate |
| subjects | Balance theory Baseball (Professional) Baseball labor unions Baseball players Collective bargaining Competition Contract negotiations Cost benefit analysis Economic models Economic theory Evaluation Free agency Labor contracts Labor market Labor mobility Labor relations Labor unions Labour mobility Management Policy studies Professional baseball Property rights Sports Statistical analysis Studies Transaction costs U.S.A United States |
| title | RETHINKING RESTRICTIONS ON PLAYER MOBILITY IN MAJOR LEAGUE BASEBALL |
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