Peculiarities of the Major League Baseball Posting System
AbstractThe 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 891.
Date of creation: 2006
Date of revision:
posting system; baseball; auction theory; winner's curse;
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-11-25 (All new papers)
- NEP-SEA-2006-11-25 (South East Asia)
- NEP-SPO-2006-11-25 (Sports & Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paul Milgrom & Robert J. Weber, 1981.
"A Theory of Auctions and Competitive Bidding,"
447R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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