Matching and Efficiency in the Baseball Free-Agent System: An Experimental Examination
This article presents the results of an experimental study investigating the problem of allocating heterogeneous indivisible objects using market-like mechanisms. The object of study is the market for professional baseball players in their free-agent year. The authors investigate both the current free-agency system and a variant of the current system instituted informally by the teams and ruled illegal by arbitrators. They then propose and test a new alternative matching mechanism, which proves to have quite a few desirable characteristics. Copyright 1995 by University of Chicago Press.
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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.:
- Leonard, Herman B, 1983. "Elicitation of Honest Preferences for the Assignment of Individuals to Positions," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 461-479, June.
- Alvin E. Roth, 1982. "The Economics of Matching: Stability and Incentives," Mathematics of Operations Research, INFORMS, vol. 7(4), pages 617-628, November.
- Hoffman, Elizabeth & Spitzer, Matthew L, 1982.
"The Coase Theorem: Some Experimental Tests,"
Journal of Law and Economics,
University of Chicago Press, vol. 25(1), pages 73-98, April.
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