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On the Evolution of Competitive Balance: The Impact of an Increasing Global Search

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Author Info
Martin B. Schmidt
David J. Berri

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Abstract

The Coase theorem maintains that where free-market precepts exist, the allocation of property rights does not impact the distribution of resources. An application to Major League Baseball suggests that institutions such as free agency and the reverse-order amateur draft would not impact player distributions and therefore would not impact competitive balance. The present study finds that the distribution of wins is generally consistent with the precepts of the Coase theorem and therefore suggests a course for those who wish to alter the level of competitive balance: Major League Baseball should increase its focus on expanding the size of its labor pool. (JEL O15, L83, C22) Copyright 2003, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/ei/cbg037
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Publisher Info
Article provided by Oxford University Press in its journal Economic Inquiry.

Volume (Year): 41 (2003)
Issue (Month): 4 (October)
Pages: 692-704
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Handle: RePEc:oup:ecinqu:v:41:y:2003:i:4:p:692-704

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Related research
Keywords:

Find related papers by JEL classification:
O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions

Cited by:
(explanations, 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.)

  1. Daniel Mizak & John Neral & Anthony Stair, 2007. "The adjusted churn: an index of competitive balance for sports leagues based on changes in team standings over time," Economics Bulletin, Economics Bulletin, vol. 26(3), pages 1-7. [Downloadable!]
  2. Martin B. Schmidt, 2006. "On the evolution of competition: an application of nonlinear tests," Applied Economics, Taylor and Francis Journals, vol. 38(1), pages 1-12, January. [Downloadable!] (restricted)
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This page was last updated on 2009-12-15.

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