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Institutional change and invariance of behaviour in Major League Baseball

Author

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  • Timothy Hylan
  • Maureen Lage
  • Michael Treglia

Abstract

The invariance interpretation of the Coase Theorem is examined using the mobility behaviour of all offensive players (hitters) in Major League Baseball (MLB) who played from 1949 to 1992. Results indicate that while the institution of the rookie draft did not affect the mobility of players, the mobility of players was altered under free agency. In addition, the period of free agency witnessed mobility behaviours of veteran players which was unlike that mobility under the guidance of owners.

Suggested Citation

  • Timothy Hylan & Maureen Lage & Michael Treglia, 1997. "Institutional change and invariance of behaviour in Major League Baseball," Applied Economics Letters, Taylor & Francis Journals, vol. 4(5), pages 311-314.
    • Handle: RePEc:taf:apeclt:v:4:y:1997:i:5:p:311-314
    DOI: 10.1080/758532599
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    Cited by:

    1. Zulal Denaux & David Denaux & Yeliz Yalcin, 2011. "Factors Affecting Attendance of Major League Baseball: Revisited," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 39(2), pages 117-127, June.

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