Race and Ethnicity Assessment in Baseball Card Markets
AbstractThere is a growing literature investigating fan discrimination revealed in markets for sports memorabilia. Such estimates miss the mark for two reasons. First, simply measuring race as a binary variable may be less insightful than an alternative measure. Second, although it is the race perceptions of market participants that matter, past studies rely exclusively on researcher race/ethnicity assessment. The authors provide an estimation framework using continuous, market participant reports of race/ethnicity. The results show that past race/ethnicity results in card markets suffer from errors in variables and that continuous, market participant reports of race/ethnicity provide (carefully defined) "better" estimation results. The authors find that race/ethnicity matters and in a way is consistent with a model of statistical discrimination by those baseball fans who trade in the card market. The discrimination is against Black and Hispanic hitters and Black pitchers but not against Hispanic pitchers.
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Bibliographic InfoArticle provided by in its journal Journal of Sports Economics.
Volume (Year): 1 (2000)
Issue (Month): 1 (February)
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Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
- J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
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- Tainsky, Scott & Mills, Brian & Winfree, Jason A., 2012. "Further Examination of Potential Discrimination Among MLB Umpires," MPRA Paper 43234, University Library of Munich, Germany.
- Matthew C. Palmer & Randall H. King, 2006. "Has Salary Discrimination Really Disappeared From Major League Baseball?," Eastern Economic Journal, Eastern Economic Association, vol. 32(2), pages 285-297, Spring.
- David W. Findlay & John M. Santos, 2012. "Race, Ethnicity, and Baseball Card Prices: A Replication, Correction, and Extension of Hewitt, MuÃ±oz, Oliver, and Regoli," Econ Journal Watch, Econ Journal Watch, vol. 9(2), pages 122-140, May.
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