Advanced Search
MyIDEAS: Login to save this article or follow this journal

A hedonic model of player wage determination from the Indian Premier League auction: Further evidence

Contents:

Author Info

  • Lenten, Liam J.A.
  • Geerling, Wayne
  • Kónya, László

Abstract

A range of cross-sectional models are estimated with a view to establishing the factors that determine the valuation of professional athletes in a highly-specialised sport, with an application to cricket's Indian Premier League (IPL). We distinguish between personal characteristic and playing ability factors, and with respect to the former, between ability in different forms of the sport. We find a number of interpretable variables that have explanatory power over auction values, while decomposition according to batting and bowling specialisations produces very different results depending on the use of either Test or One-Day International (ODI) variables. There is also possible evidence of inefficient bidding, insomuch that overbidding was somewhat correlated with players with higher realised values.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/pii/S1441352311000167
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Sport Management Review.

Volume (Year): 15 (2012)
Issue (Month): 1 ()
Pages: 60-71

as in new window
Handle: RePEc:eee:spomar:v:15:y:2012:i:1:p:60-71

Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/716936/description#description

Order Information:
Postal: http://www.elsevier.com/wps/find/journaldescription.cws_home/716936/bibliographic
Web: http://www.elsevier.com/wps/find/journaldescription.cws_home/716936/bibliographic

Related research

Keywords: Demand for sport; Cricket; Auctions; Cross-section models; Labour demand;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Ehrenberg, Ronald G & Bognanno, Michael L, 1990. "Do Tournaments Have Incentive Effects?," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1307-24, December.
  2. John Goddard & John O. S. Wilson, 2009. "Racial discrimination in English professional football: evidence from an empirical analysis of players' career progression," Cambridge Journal of Economics, Oxford University Press, vol. 33(2), pages 295-316, March.
  3. Liam J. A. Lenten, 2008. "Is The Decline In The Frequency Of Draws In Test Match Cricket Detrimental To The Long Form Of The Game?," Economic Papers, The Economic Society of Australia, vol. 27(4), pages 364-380, December.
  4. Bernd Frick, 2007. "The Football Players' Labor Market: Empirical Evidence From The Major European Leagues," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 422-446, 07.
  5. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May.
  6. Rosen, Sherwin & Sanderson, Allen, 2001. "Labour Markets in Professional Sports," Economic Journal, Royal Economic Society, vol. 111(469), pages F47-68, February.
  7. Ajit Karnik, 2010. "Valuing Cricketers Using Hedonic Price Models," Journal of Sports Economics, , vol. 11(4), pages 456-469, August.
  8. Rodney Fort & James Quirk, 1995. "Cross-subsidization, Incentives, and Outcomes in Professional Team Sports Leagues," Journal of Economic Literature, American Economic Association, vol. 33(3), pages 1265-1299, September.
  9. Peter Hans Matthews & Paul Sommers & Francisco Peschiera, 2007. "Incentives and superstars on the LPGA Tour," Applied Economics, Taylor & Francis Journals, vol. 39(1), pages 87-94.
  10. Mita Bhattacharya & Russell Smyth, 2003. "The Game is Not the Same: The Demand for Test Match Cricket in Australia," Australian Economic Papers, Wiley Blackwell, vol. 42(1), pages 77-90, 03.
  11. Mark Foley & Fred Smith, 2007. "Consumer discrimination in professional sports: new evidence from major league baseball," Applied Economics Letters, Taylor & Francis Journals, vol. 14(13), pages 951-955.
  12. Bernd Frick, 2003. "Contest Theory and Sport," Oxford Review of Economic Policy, Oxford University Press, vol. 19(4), pages 512-529, Winter.
  13. Dennis Wilson & Yung-Hsiang Ying, 2003. "Nationality preferences for labour in the international football industry," Applied Economics, Taylor & Francis Journals, vol. 35(14), pages 1551-1559.
  14. Bodvarsson, Orn B & Brastow, Raymond T, 1998. "Do Employers Pay for Consistent Performance?: Evidence from the NBA," Economic Inquiry, Western Economic Association International, vol. 36(1), pages 145-60, January.
  15. Kanazawa, Mark T & Funk, Jonas P, 2001. "Racial Discrimination in Professional Basketball: Evidence from Nielsen Ratings," Economic Inquiry, Western Economic Association International, vol. 39(4), pages 599-608, October.
  16. P. E. Allsopp & Stephen R. Clarke, 2004. "Rating teams and analysing outcomes in one-day and test cricket," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 167(4), pages 657-667.
  17. Robert Brooks & Robert Faff & David Sokulsky, 2002. "An ordered response model of test cricket performance," Applied Economics, Taylor & Francis Journals, vol. 34(18), pages 2353-2365.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:spomar:v:15:y:2012:i:1:p:60-71. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.