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A Determination of Monopsony in Contracted Verses Non-Contracted Baseball Player Salaries
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A 3 page overview of the research performed by Andrew and Victor Brajer in "Baseball Stars and Baseball Cards: A New Look at Monopsony in Major League Baseball" (1994). Outlines the fact that baseball player salaries revolve around the contract system typically utilized in major league baseball. Evaluates the statistical model utilized by these researchers utilizing baseball card prices to conclude that many contracted players receive much less compensation than they could receive in a competitive market. Suggests that the use of baseball card prices to make this determination is superior to other methods because baseball card prices reflect both tangible and intangible aspects of a players worth to his team. No additional sources are listed.
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Pages:
3
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Filename:AM2_PPbsblEc.wps |
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Paper Title:
A Determination of Monopsony in Contracted Verses Non-Contracted Baseball Player Salaries
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