The Baseball Draft: A Study of the Ability to Find Talent
This article provides an analysis of the baseball draft. The objective is to determine whether the ability to recognize talent, that is, a player who will reach the major leagues, varies with the position of the player across different baseball clubs or with the level of schooling attained by the player when he is drafted. The data set is a choice-based sample, and the author uses econometric techniques specifically developed for such samples. It is found that in the long term, there is no statistically significant difference between clubs in terms of their ability to find major league prospects. Also, the value of one attribute, namely college experience, was underestimated by the market for a substantial period of time. Eventually, however, the value of college experience was assimilated by the market.
Volume (Year): 1 (2000)
Issue (Month): 1 (February)
|Contact details of provider:|
When requesting a correction, please mention this item's handle: RePEc:sae:jospec:v:1:y:2000:i:1:p:66-85. 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: (SAGE Publications)
If references are entirely missing, you can add them using this form.