Race and Ethnicity Assessment in Baseball Card Markets
There is a growing literature investigating fan discrimination revealed in markets for sports memorabilia. Such estimates miss the mark for two reasons. First, simply measuring race as a binary variable may be less insightful than an alternative measure. Second, although it is the race perceptions of market participants that matter, past studies rely exclusively on researcher race/ethnicity assessment. The authors provide an estimation framework using continuous, market participant reports of race/ethnicity. The results show that past race/ethnicity results in card markets suffer from errors in variables and that continuous, market participant reports of race/ethnicity provide (carefully defined) "better" estimation results. The authors find that race/ethnicity matters and in a way is consistent with a model of statistical discrimination by those baseball fans who trade in the card market. The discrimination is against Black and Hispanic hitters and Black pitchers but not against Hispanic pitchers.
Volume (Year): 1 (2000)
Issue (Month): 1 (February)
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