Simon Rottenberg and Baseball, Then and Now: A 50th Anniversary Retrospective
AbstractFifty 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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Bibliographic InfoPaper provided by Vanderbilt University Department of Economics in its series Vanderbilt University Department of Economics Working Papers with number 0606.
Date of creation: Mar 2006
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Web page: http://www.vanderbilt.edu/econ/wparchive/index.html
Rottenberg; baseball; invariance theorem; Coase theorem; reserve clause;
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 Economic 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; Restaurants; Recreation; Tourism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-04-01 (All new papers)
- NEP-HPE-2006-04-01 (History & Philosophy of Economics)
- NEP-SPO-2006-04-01 (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.:
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- Rosen, Sherwin & Sanderson, Allen, 2001.
"Labour Markets in Professional Sports,"
Royal Economic Society, vol. 111(469), pages F47-68, February.
- Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-58, December.
- Simon Rottenberg, 1956. "The Baseball Players' Labor Market," Journal of Political Economy, University of Chicago Press, vol. 64, pages 242.
- El-Hodiri, Mohamed & Quirk, James, 1971. "An Economic Model of a Professional Sports League," Journal of Political Economy, University of Chicago Press, vol. 79(6), pages 1302-19, Nov.-Dec..
- Yvan J. Kelly, 2008. "Cost Reduction, Competitive Balance, and the Scheduling of Back-to-Back Games in the NBA," Working Papers 0810, International Association of Sports Economists & North American Association of Sports Economists.
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