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Is There a Winner's Curse In The Market For Baseball Players? Evidence From The Field

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Author Info
Blecherman, Barry
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File URL: http://www.hss.caltech.edu/SSPapers/sswp966.pdf
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Paper provided by California Institute of Technology, Division of the Humanities and Social Sciences in its series Working Papers with number 966.

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Date of creation: May 1996
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Handle: RePEc:clt:sswopa:966

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Postal: Working Paper Assistant, Division of the Humanities and Social Sciences, 228-77, Caltech, Pasadena CA 91125
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Postal: Working Paper Assistant, Division of the Humanities and Social Sciences, 228-77, Caltech, Pasadena CA 91125
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  1. Levine, David I, 1993. "Do Corporate Executives Have Rational Expectations?," Journal of Business, University of Chicago Press, vol. 66(2), pages 271-93, April. [Downloadable!] (restricted)
  2. McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June. [Downloadable!] (restricted)
  3. Hendricks, K. & Kovenock, D., 1989. "Asymmetric Information, Information Externalities, And Efficiency: The Case Of Oil Exploration," UBC Departmental Archives 89-09, UBC Department of Economics.
    Other versions:
  4. Welch, Ivo, 1992. " Sequential Sales, Learning, and Cascades," Journal of Finance, American Finance Association, vol. 47(2), pages 695-732, June. [Downloadable!] (restricted)
  5. Forsythe, Robert & Forrest Nelson & George R. Neumann & Jack Wright, 1992. "Anatomy of an Experimental Political Stock Market," American Economic Review, American Economic Association, vol. 82(5), pages 1142-61, December. [Downloadable!] (restricted)
  6. Ball, Sheryl B. & Bazerman, Max H. & Carroll, John S., 1991. "An evaluation of learning in the bilateral winner's curse," Organizational Behavior and Human Decision Processes, Elsevier, vol. 48(1), pages 1-22, February. [Downloadable!] (restricted)
  7. Hendricks, Kenneth & Porter, Robert H, 1988. "An Empirical Study of an Auction with Asymmetric Information," American Economic Review, American Economic Association, vol. 78(5), pages 865-83, December. [Downloadable!] (restricted)
  8. Brown, Keith C, 1974. "A Note on the Apparent Bias of Net Revenue Estimates for Capital Investment Projects," Journal of Finance, American Finance Association, vol. 29(4), pages 1215-16, September. [Downloadable!] (restricted)
  9. Otis W. Gilley & Gordon V. Karels, 1981. "The Competitive Effect in Bonus Bidding: New Evidence," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 637-648, Autumn. [Downloadable!] (restricted)
  10. Hunt, Joseph W, Jr & Lewis, Kenneth A, 1976. "Dominance, Recontracting, and the Reserve Clause: Major League Baseball," American Economic Review, American Economic Association, vol. 66(5), pages 936-43, December. [Downloadable!] (restricted)
  11. Rock, Kevin, 1986. "Why new issues are underpriced," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 187-212. [Downloadable!] (restricted)
  12. Hoffman, Elizabeth & Marsden, James R. & Saidi, Reza, 1991. "Are joint bidding and competitive common value auction markets compatible?--some evidence from offshore oil auctions," Journal of Environmental Economics and Management, Elsevier, vol. 20(2), pages 99-112, March. [Downloadable!] (restricted)
  13. Dyer, Douglas & Kagel, John H & Levin, Dan, 1989. "A Comparison of Naive and Experienced Bidders in Common Value Offer Auctions: A Laboratory Analysis," Economic Journal, Royal Economic Society, vol. 99(394), pages 108-15, March. [Downloadable!] (restricted)
    Other versions:
  14. Brannman, Lance & Klein, J Douglass & Weiss, Leonard W, 1987. "The Price Effects of Increased Competition in Auction Markets," The Review of Economics and Statistics, MIT Press, vol. 69(1), pages 24-32, February. [Downloadable!] (restricted)
  15. Scully, Gerald W, 1974. "Pay and Performance in Major League Baseball," American Economic Review, American Economic Association, vol. 64(6), pages 915-30, December. [Downloadable!] (restricted)
  16. Carroll, John S. & Bazerman, Max H. & Maury, Robin, 1988. "Negotiator cognitions: A descriptive approach to negotiators' understanding of their opponents," Organizational Behavior and Human Decision Processes, Elsevier, vol. 41(3), pages 352-370, June. [Downloadable!] (restricted)
  17. Levis, Mario, 1990. "The Winner's Curse Problem, Interest Costs and the Underpricing of Initial Public Offerings," Economic Journal, Royal Economic Society, vol. 100(399), pages 76-89, March. [Downloadable!] (restricted)
  18. Giliberto, S Michael & Varaiya, Nikhil P, 1989. " The Winner's Curse and Bidder Competition in Acquisitions: Evidence from Failed Bank Auctions," Journal of Finance, American Finance Association, vol. 44(1), pages 59-75, March. [Downloadable!] (restricted)
  19. Lind, Barry & Plott, Charles R, 1991. "The Winner's Curse: Experiments with Buyers and with Sellers," American Economic Review, American Economic Association, vol. 81(1), pages 335-46, March. [Downloadable!] (restricted)
  20. Ritter, Jay R, 1991. " The Long-run Performance of Initial Public Offerings," Journal of Finance, American Finance Association, vol. 46(1), pages 3-27, March. [Downloadable!] (restricted)
  21. Gaver, Kenneth M & Zimmerman, Jerold L, 1977. "An Analysis of Competitive Bidding on BART Contracts," Journal of Business, University of Chicago Press, vol. 50(3), pages 279-95, July. [Downloadable!] (restricted)
  22. Meyer, Donald J, 1988. "Competition and Bidding Behavior: Some Evidence from the Rice Market," Economic Inquiry, Oxford University Press, vol. 26(1), pages 123-32, January.
  23. Koh, Francis & Walter, Terry, 1989. "A direct test of Rock's model of the pricing of unseasoned issues," Journal of Financial Economics, Elsevier, vol. 23(2), pages 251-272, August. [Downloadable!] (restricted)
  24. Cox, James C & Isaac, R Mark, 1984. "In Search of the Winner's Curse," Economic Inquiry, Oxford University Press, vol. 22(4), pages 579-92, October.
  25. Heath, Chip & Tversky, Amos, 1991. " Preference and Belief: Ambiguity and Competence in Choice under Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 4(1), pages 5-28, January.
  26. Ibbotson, Roger G., 1975. "Price performance of common stock new issues," Journal of Financial Economics, Elsevier, vol. 2(3), pages 235-272, September. [Downloadable!] (restricted)
  27. Daly, George & Moore, William J, 1981. "Externalities, Property Rights and the Allocation of Resources in Major League Baseball," Economic Inquiry, Oxford University Press, vol. 19(1), pages 77-95, January.
  28. Milgrom, Paul R & Weber, Robert J, 1982. "A Theory of Auctions and Competitive Bidding," Econometrica, Econometric Society, vol. 50(5), pages 1089-1122, September. [Downloadable!] (restricted)
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This page was last updated on 2009-11-19.


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