Was There a Structural Break in Barry Bonds's Bat?
In a recent paper, Fair (2008) utilizes monthly data on on-base percentage plus slugging percentage (OPS) to estimate the expected age profile of batting performance in Major League Baseball (MLB) and finds a peak performance at 27.6 years. However, he notes that a small group of 18 players have age-performance profiles that deviate significantly from the expected profile, most notably Barry Bonds. In this paper, we extend the work of Fair (2008) by investigating the time series properties of Bonds’s OPS to test for a deterministic or stochastic trend and to search for structural breaks. While Bonds’s performance is above average, we should not expect that deviations in his age-performance profile from that of the typical batter should contain a deterministic trend. In our investigation, we utilize unit root tests that estimate breaks using monthly data from 1986 to 2007. We find that Bonds’s OPS deviations follow a deterministic trend with two structural breaks. In particular, we find that Bonds’s OPS follows a positive trend to the age of 28.9 (June 1993), which coincides closely with the expected peak performance age. Following this, we find that Bonds’s OPS was on a plateau until a second break in September 2000. At this point, at the age of 36.1, Bonds’s OPS increases unexpectedly and then declines thereafter until his retirement in September 2007 at age 43.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 8 (2012)
Issue (Month): 3 (October)
|Contact details of provider:|| Web page: https://www.degruyter.com|
|Order Information:||Web: https://www.degruyter.com/view/j/jqas|
References listed on IDEAS
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.:
- Scully, Gerald W., 1995. "The Market Structure of Sports," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226743950, July.
- Ray C. Fair, 2005.
"Estimated Age Effects in Baseball,"
Cowles Foundation Discussion Papers
1536, Cowles Foundation for Research in Economics, Yale University, revised Mar 2007.
- Nicolas Eber, 2008. "The Performance-Enhancing Drug Game Reconsidered," Journal of Sports Economics, , vol. 9(3), pages 318-327, June.
- Perron, Pierre, 1989.
"The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis,"
Econometric Society, vol. 57(6), pages 1361-1401, November.
- Perron, P, 1988. "The Great Crash, The Oil Price Shock And The Unit Root Hypothesis," Papers 338, Princeton, Department of Economics - Econometric Research Program.
- Nunes, Luis C & Newbold, Paul & Kuan, Chung-Ming, 1997. "Testing for Unit Roots with Breaks: Evidence on the Great Crash and the Unit Root Hypothesis Reconsidered," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 59(4), pages 435-448, November.
- Addona Vittorio & Roth Jeremy, 2010. "Quantifying the Effect of Performance-Enhancing Drug Use on Fastball Velocity in Major League Baseball," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 6(2), pages 1-16, April.
- Kjetil K. Haugen, 2004. "The Performance-Enhancing Drug Game," Journal of Sports Economics, , vol. 5(1), pages 67-86, February.
- White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
- Ray C. Fair, 1991.
"How Fast Do Old Men Slow Down?,"
NBER Working Papers
3757, National Bureau of Economic Research, Inc.
- Martin B. Schmidt & David J. Berri, 2004. "The Impact of Labor Strikes on Consumer Demand: An Application to Professional Sports," American Economic Review, American Economic Association, vol. 94(1), pages 344-357, March.
- Zivot, Eric & Andrews, Donald W K, 2002.
"Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis,"
Journal of Business & Economic Statistics,
American Statistical Association, vol. 20(1), pages 25-44, January.
- Zivot, Eric & Andrews, Donald W K, 1992. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis," Journal of Business & Economic Statistics, American Statistical Association, vol. 10(3), pages 251-270, July.
- Eric Zivot & Donald W.K. Andrews, 1990. "Further Evidence on the Great Crash, the Oil Price Shock, and the Unit Root Hypothesis," Cowles Foundation Discussion Papers 944, Cowles Foundation for Research in Economics, Yale University.
- Junsoo Lee & Mark C. Strazicich, 2003. "Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 1082-1089, November.
- Ray Fair, 2004. "Estimated Age Effects in Athletic Events and Chess," Yale School of Management Working Papers amz2481, Yale School of Management, revised 01 Aug 2007.
- Rodney Fort & Young Hoon Lee, 2007. "Structural Change, Competitive Balance, And The Rest Of The Major Leagues," Economic Inquiry, Western Economic Association International, vol. 45(3), pages 519-532, 07.
- Rodney Fort & Young Hoon Lee, 2006. "Stationarity and Major League Baseball Attendance Analysis," Journal of Sports Economics, , vol. 7(4), pages 408-415, November.
- Martin B. Schmidt & David J. Berri, 2003. "On the Evolution of Competitive Balance: The Impact of an Increasing Global Search," Economic Inquiry, Western Economic Association International, vol. 41(4), pages 692-704, October.
- Schmidt, Peter & Phillips, C B Peter, 1992. "LM Tests for a Unit Root in the Presence of Deterministic Trends," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 257-287, August.
- John Dinardo & Jason Winfree, 2010. "The Law Of Genius And Home Runs Refuted," Economic Inquiry, Western Economic Association International, vol. 48(1), pages 51-64, 01.
When requesting a correction, please mention this item's handle: RePEc:bpj:jqsprt:v:8:y:2012:i:3:n:6. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.