Fifty years ago the JPE published Simon Rottenberg's "The Baseball Players' Labor Market", the first professional journal article in sports economics. In this retrospective we review some of his insights and analyses with regard to competitive balance, constraints on payroll and freedoms to contract, revenue sharing, territorial rights and the supply of talent. We also note subsequent industry developments Rottenberg could not have anticipated, and identify where he was ahead of his time.
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Paper provided by Department of Economics, Vanderbilt University in its series Working Papers with number
0606.
Find related papers by JEL classification: B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics B31 - Schools of Economic Thought and Methodology - - History of Thought: Individuals - - - Individuals D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs J4 - Labor and Demographic Economics - - Particular Labor Markets L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
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