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Matching and Efficiency in the Baseball Free-Agent System: An Experimental Examination

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  • Nalbantian, Haig R
  • Schotter, Andrew

Abstract

This article presents the results of an experimental study investigating the problem of allocating heterogeneous indivisible objects using market-like mechanisms. The object of study is the market for professional baseball players in their free-agent year. The authors investigate both the current free-agency system and a variant of the current system instituted informally by the teams and ruled illegal by arbitrators. They then propose and test a new alternative matching mechanism, which proves to have quite a few desirable characteristics. Copyright 1995 by University of Chicago Press.

Suggested Citation

  • Nalbantian, Haig R & Schotter, Andrew, 1995. "Matching and Efficiency in the Baseball Free-Agent System: An Experimental Examination," Journal of Labor Economics, University of Chicago Press, vol. 13(1), pages 1-31, January.
    • Handle: RePEc:ucp:jlabec:v:13:y:1995:i:1:p:1-31
    DOI: 10.1086/298366
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    1. Leonard, Herman B, 1983. "Elicitation of Honest Preferences for the Assignment of Individuals to Positions," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 461-479, June.
    2. Hoffman, Elizabeth & Spitzer, Matthew L, 1982. "The Coase Theorem: Some Experimental Tests," Journal of Law and Economics, University of Chicago Press, vol. 25(1), pages 73-98, April.
    3. Alvin E. Roth, 1982. "The Economics of Matching: Stability and Incentives," Mathematics of Operations Research, INFORMS, vol. 7(4), pages 617-628, November.
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