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Arbitrage in a Basketball Economy


  • Grier, Kevin B
  • Tollison, Robert D


This paper addresses the role of the manager in a team production setting. The coach of a basketball team faces a team production arbitrage problem. He must monitor and enforce a process that distributes shots among players such that the expectation that each shot taken will be made is maximized. This paper articulates an agency theory of this arbitrage process and tests it with data on the National Basketball Association. Copyright 1990 by WWZ and Helbing & Lichtenhahn Verlag AG

Suggested Citation

  • Grier, Kevin B & Tollison, Robert D, 1990. "Arbitrage in a Basketball Economy," Kyklos, Wiley Blackwell, vol. 43(4), pages 611-624.
  • Handle: RePEc:bla:kyklos:v:43:y:1990:i:4:p:611-24

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    References listed on IDEAS

    1. Gordon C. Winston, 1999. "Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education," Journal of Economic Perspectives, American Economic Association, vol. 13(1), pages 13-36, Winter.
    2. Laband, David N & Piette, Michael J, 1994. "The Relative Impacts of Economics Journals: 1970-1990," Journal of Economic Literature, American Economic Association, vol. 32(2), pages 640-666, June.
    3. Laband, David N & Tollison, Robert D & Karahan, Gokhan R, 2002. "Quality Control in Economics," Kyklos, Wiley Blackwell, vol. 55(3), pages 315-334.
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    Cited by:

    1. Robert A. Baade & Victor A. Matheson, 2008. "Research Note: Assessing Household Service Losses with Joint Survival Probabilities," Journal of Forensic Economics, National Association of Forensic Economics, vol. 20(2), pages 187-192, October.
    2. José M. Sánchez Santos & Pablo Castellanos García & Jesus A. Dopico Castro, 2006. "The production process in basketball: Empirical evidence from Spanish league," Working Papers 0611, International Association of Sports Economists;North American Association of Sports Economists.
    3. Tony Caporale & Trevor Collier, 2015. "To Three or Not to Three?," Journal of Labor Research, Springer, vol. 36(1), pages 1-8, March.
    4. Benno Torgler, 2004. "?La Grande Boucle?: Determinants of Success at the Tour de France," CREMA Working Paper Series 2004-22, Center for Research in Economics, Management and the Arts (CREMA), revised May 2005.

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