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The Baseball Draft: A Study of the Ability to Find Talent

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  • Stephen J. Spurr

    (Wayne State University)

Abstract

This article provides an analysis of the baseball draft. The objective is to determine whether the ability to recognize talent, that is, a player who will reach the major leagues, varies with the position of the player across different baseball clubs or with the level of schooling attained by the player when he is drafted. The data set is a choice-based sample, and the author uses econometric techniques specifically developed for such samples. It is found that in the long term, there is no statistically significant difference between clubs in terms of their ability to find major league prospects. Also, the value of one attribute, namely college experience, was underestimated by the market for a substantial period of time. Eventually, however, the value of college experience was assimilated by the market.

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Bibliographic Info

Article provided by in its journal Journal of Sports Economics.

Volume (Year): 1 (2000)
Issue (Month): 1 (February)
Pages: 66-85

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Handle: RePEc:sae:jospec:v:1:y:2000:i:1:p:66-85

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Cited by:
  1. Bryan L. Boulier & Herman O. Stekler & Jason Coburn & Timothy Rankins, 2009. "Evaluating National Football League Draft Choices: The Passing Game," Working Papers 2009-003, The George Washington University, Department of Economics, Research Program on Forecasting.
  2. Dennis Coates & Babatunde Oguntimein, 2008. "The Length and Success of NBA Careers: Does College Production Predict Professional Outcomes?," Working Papers, International Association of Sports Economists;North American Association of Sports Economists 0806, International Association of Sports Economists;North American Association of Sports Economists.
  3. Borland, Jeff & Lee, Leng & Macdonald, Robert D., 2011. "Escalation effects and the player draft in the AFL," Labour Economics, Elsevier, Elsevier, vol. 18(3), pages 371-380, June.

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