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Arbitrage in a Basketball Economy

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Author Info

  • Grier, Kevin B
  • Tollison, Robert D

Abstract

This paper addresses the role of the manager in a team production setting. The coach of a basketball team faces a team production arbitrage problem. He must monitor and enforce a process that distributes shots among players such that the expectation that each shot taken will be made is maximized. This paper articulates an agency theory of this arbitrage process and tests it with data on the National Basketball Association. Copyright 1990 by WWZ and Helbing & Lichtenhahn Verlag AG

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 43 (1990)
Issue (Month): 4 ()
Pages: 611-24

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Handle: RePEc:bla:kyklos:v:43:y:1990:i:4:p:611-24

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962

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Cited by:
  1. José M. Sánchez Santos & Pablo Castellanos García & Jesus A. Dopico Castro, 2006. "The production process in basketball: Empirical evidence from Spanish league," IASE Conference Papers 0628, International Association of Sports Economists.
  2. José M. Sánchez Santos & Pablo Castellanos García & Jesus A. Dopico Castro, 2006. "The production process in basketball: Empirical evidence from Spanish league," Working Papers 0611, International Association of Sports Economists & North American Association of Sports Economists.
  3. Victor Matheson & Robert Baade, 2006. "Research Note: Assessing Household Service Losses with Joint Survival Probabilities," Working Papers 0611, College of the Holy Cross, Department of Economics.

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