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The Value of Major League Baseball Players: An Empirical Analysis of the Baseball Labor Market

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dc.contributor.advisor Jilani, Saleha
dc.contributor.author Maurice, Chris
dc.date.accessioned 2010-10-26T16:15:05Z
dc.date.available 2010-10-26T16:15:05Z
dc.date.issued 2010
dc.identifier.uri http://hdl.handle.net/10066/5985
dc.description.abstract The goal of this thesis was to test the efficiency of the baseball labor market. To analyze the market, I found models to estimate the marginal revenue products of Major League Baseball players. I then compared the estimated marginal revenue products to the actual terms of players’ contracts in the 2009 season. Through this analysis, I was able to find the most over and undervalued players in the 2009 Major League Baseball season. I also was able to identify certain skills that were over or undervalued by the labor market. I noticed considerable differences in market strategy between teams with high payrolls and teams with low payrolls. I was also able to find that players who played above average defense were consistently undervalued.
dc.description.sponsorship Haverford College. Department of Economics
dc.language.iso eng
dc.rights.uri http://creativecommons.org/licenses/by-nc/3.0/us/
dc.subject.lcsh Baseball players -- United States -- Valuation
dc.subject.lcsh Baseball players -- United States -- Economic conditions
dc.subject.lcsh Baseball players -- Rating of -- United States
dc.title The Value of Major League Baseball Players: An Empirical Analysis of the Baseball Labor Market
dc.type Thesis
dc.rights.access Open Access


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http://creativecommons.org/licenses/by-nc/3.0/us/ Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by-nc/3.0/us/

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