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Who is 'most valuable'? Measuring the player's production of wins in the National Basketball Association

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Author Info

  • David J. Berri

    (Department of Business Administration and Economics, Coe College, Cedar Rapids, IA, USA)

Abstract

How does one measure the productivity of an individual participating in a team sport? The purpose of this inquiry is to answer this question via an econometric model that links the player's statistics in the National Basketball Association (NBA) to team wins. This model will then be employed in the measurement of each player's marginal product. Such a measurement is useful in answering the question offered in the title, or a broader list of questions posed by both industry insiders and other interested observers. Copyright © 1999 John Wiley & Sons, Ltd.

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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Managerial and Decision Economics.

Volume (Year): 20 (1999)
Issue (Month): 8 ()
Pages: 411-427

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Handle: RePEc:wly:mgtdec:v:20:y:1999:i:8:p:411-427

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Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/7976

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References

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  1. Scully, Gerald W, 1974. "Pay and Performance in Major League Baseball," American Economic Review, American Economic Association, vol. 64(6), pages 915-30, December.
  2. Bera, Anil K. & Jarque, Carlos M., 1982. "Model specification tests : A simultaneous approach," Journal of Econometrics, Elsevier, vol. 20(1), pages 59-82, October.
  3. Russell Davidson & James G. MacKinnon, 1981. "Tests for Model Specification in the Presence of Alternative Hypotheses: Some Further Results," Working Papers 430, Queen's University, Department of Economics.
  4. Blass, Asher A, 1992. "Does the Baseball Labor Market Contradict the Human Capital Model of Investment?," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 261-68, May.
  5. Hofler, Richard A. & Payne, James E., 1997. "Measuring efficiency in the National Basketball Association1," Economics Letters, Elsevier, vol. 55(2), pages 293-299, August.
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Citations

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Cited by:
  1. José M. Sánchez Santos & Pablo Castellanos García & Jesus A. Dopico Castro, 2006. "The production process in basketball: Empirical evidence from Spanish league," Working Papers 0611, International Association of Sports Economists & North American Association of Sports Economists.
  2. Egon Franck & Stephan Nüesch, 2012. "Talent And/Or Popularity: What Does It Take To Be A Superstar?," Economic Inquiry, Western Economic Association International, vol. 50(1), pages 202-216, 01.
  3. Štrumbelj, Erik & Vračar, Petar, 2012. "Simulating a basketball match with a homogeneous Markov model and forecasting the outcome," International Journal of Forecasting, Elsevier, vol. 28(2), pages 532-542.
  4. R Simmons & D J Berri, 2010. "Mixing the princes and the paupers: Pay and performance in the National Basketball Association," Working Papers 611523, Lancaster University Management School, Economics Department.
  5. Vaughan Williams, Leighton & Stekler, Herman O., 2010. "Sports forecasting," International Journal of Forecasting, Elsevier, vol. 26(3), pages 445-447, July.
    • Herman O. Stekler, 2007. "Sports Forecasting," Working Papers 2007-001, The George Washington University, Department of Economics, Research Program on Forecasting, revised Jan 2007.
  6. Victor Matheson & Robert Baade, 2006. "Research Note: Assessing Household Service Losses with Joint Survival Probabilities," Working Papers 0611, College of the Holy Cross, Department of Economics.
  7. Egon Franck & Stephan NŸesch, 2008. "The Effect of Talent Disparity on Team Performance in Soccer," Working Papers 0087, University of Zurich, Institute for Strategy and Business Economics (ISU), revised 2009.
  8. repec:qut:dpaper:282 is not listed on IDEAS
  9. Siddhartha K Rastogi & Deodhar, Satish Y., . "Player Pricing and Valuation of Cricketing Attributes: Exploring the IPL Twenty-Twenty Vision," IIMA Working Papers WP2009-01-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
  10. Simmons, Rob & Berri, David J., 2011. "Mixing the princes and the paupers: Pay and performance in the National Basketball Association," Labour Economics, Elsevier, vol. 18(3), pages 381-388, June.

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