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Peculiarities of the Major League Baseball Posting System

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Author Info
Rockerbie, Duane

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Abstract

The posting system used in major league baseball to obtain free agent players from Japan has some similarities and many differences from the transfer system used to obtain foreign free agents in European football. This paper uses auction theory to assess the efficiencies (or lack of) in the posting system and to suggest alternatives.

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File URL: http://mpra.ub.uni-muenchen.de/891/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 891.

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Date of creation: 2006
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Handle: RePEc:pra:mprapa:891

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Related research
Keywords: posting system baseball auction theory winner's curse

Find related papers by JEL classification:
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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  1. 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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